Saratoga Inc. presented the following data. Net income $2,406,640 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000 Common stock: Shares outstanding 1/1 769,200 Issued for cash, 5/1 288,000 Acquired treasury stock for cash, 8/1 144,000 2-for-1 stock split, 10/1 Compute earnings per share