Sarasota presented the following data. Net income $5,912,000 Bonds: 10%, $689,000 par value 678,200 Preferred stock: 95,000 shares outstanding. $100 par, 8% cumulative, not convertible 9,500,000 Common stock: Shares outstanding 1/1 495,000 Issued for cash, 4/1 853,000 Issued 40% stock dividend, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $