The Hummel Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year.

End of current year End of prior year

Net sales revenue (all credit) $800,000

Cost of goods sold $504,000

Gross profit $296,000

Selling/general expenses $184,000

Interest expense $33,000

Net income $79,000

Current assets $71,000 $20,000

Long-term assets $329,000 $280,000

Total assets $400,000 $300,000

Current liabilities $56,000 $16,000

Long-term liabilities $84,000 $164,000

Common stockholders' equity $260,000 $120,000

Total liabilities and stockholders' equity $400,000 $300,000

Inventory and prepaid expenses account for $28,000 of the current year's current assets.

Average inventory for the current year is $12,000.

Average net accounts receivable for the current year is $32,000.

There are 30,000 shares of common stock outstanding.

Total dividends paid during the current year were $60,000.

The market price per share of common stock is $25.

What is the company's earnings per share for the current year?

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