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 $1,000,000 $ 840,000 $1,160,000 100,000 78,000 $ 650,000 The common stock was sold at a price of $31 per share. 4. Compute earnings per share. (Round your answer to 2 decimal places.) Earnings per share