The following data was taken from the books of Polo, Inc. as of December $31,2020$:

Cost of goods sold $ $35,300$ Selling & administrative expense $$9,500$

Income tax expense $6,120$ Accounts payable $14,225$

Cash $4,755$ Common shares, $(3,250$ shares$)20,000$

Retained earnings $($Jan $1)8,000$ Dividends $3,250$

Other income $2,225$ Interest expense $250$

Sales revenue $57,250$ Depreciation expense $2,850$

PPE $($net$)34,425$ Accounts Receivable $5,250$

Required

Calculate earnings per share.

$($do not place a $ sign in your solution & use $2$ decimal places$)$

Question $22$ options: