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Exercise 19-14 (Algo) EPS; stock dividend; nonconvertible preferred stock [LO19-5, 19-6, 19-7]

Hardaway Fixtures' balance sheet at December 31, 2023, included the following:

Shares issued and outstanding:
Common stock, $1 par	$ 1,140,000
Nonconvertible preferred stock, $50 par	15,000

On July 21, 2024, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $90,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2024, was $5,400,000.

REQUIRED:

Compute Hardaway's earnings per share for the year ended December 31, 2024.