The Abel Company provided the following information from its financial records: Net income $ 230,000 Common shares outstanding 1/1 275,000 Common stock dividends $ 16,000 Common shares outstanding 12/31 360,000 Preferred stock dividends $ 23,000 Preferred shares outstanding 1/1 16,000 Sales $ 860,000 Preferred shares outstanding 12/31 12,000 What is the amount of the company's earnings per share?