Sosa Diet Supplements had earnings after taxes of $$1,340,000$ in $20$X$1$ with $303,000$ shares of stock outstanding. On January $1,20$X$2,$ the firm issued $70,000$ new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by $33$ percent.

Compute earnings per share for the year $20$X$1.$