Required information [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,080,000 $ 850,000 $1,050,000 108,000 69,000 $ 610,000 The common stock was sold at a price of $29 per share. 4. Compute earnings per share. (Round your answer to 2 decimal places.) Earnings per share