Sheffield Inc. presented the following data.

Net income		$2,380,000
Preferred stock: 45,000 shares outstanding, $100 par, 8% cumulative, not convertible		4,500,000
Common stock: Shares outstanding 1/1		811,200
Issued for cash, 5/1		313,200
Acquired treasury stock for cash, 8/1		151,200
2-for-1 stock split, 10/1

Compute earnings per share.