Swifty Inc. presented the following data.

Net income $2,493,000

Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000

Common stock: Shares outstanding 1/1 703,200

Issued for cash, 5/1 278,400

Acquired treasury stock for cash, 8/1 139,200

2-for-1 stock split, 10/1

Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share