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 $1,600,000 $ 900,000 $1,000,000 90,000 80.000 $ 800,000 The common stock was sold at a price of $30 per share. 4. Compute earnings per share. (Round your answer to 2 decimal places.) Earnings per share