Shamrock Inc. presented the following data. Net income $2,700,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,800,000 Common stock: Shares outstanding 1/1 781,200 Issued for cash, 5/1 278,400 Acquired treasury stock for cash, 8/1 153,600 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $