Sandhill Corporation had 2020 net income of $1.4 million. During 2020, Sandhill paid a dividend of $8 per share on 103,000 preferred shares. Sandhill also had 150,000 common shares outstanding during the year. Calculate Sandhill's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $