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Ripple Blockchain Inc's weighted average number of outstanding shares is 418,000. Ripple Blockchain has issued 468,000 shares of common stock and is authorized to issue

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Ripple Blockchain Inc's weighted average number of outstanding shares is 418,000. Ripple Blockchain has issued 468,000 shares of common stock and is authorized to issue 518,000 shares of common stock. The company holds 68,000 shares of treasury stock. During the current year, Ripple
reported net income of $1,180,000. Based on this information, calculate the earnings per share (EPS):

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