The net income reported on the income statement of Cutler Co. was $4,000,000. There were 500,000 shares of $10 par common stock and 100,000 shares of $2 preferred stock outstanding throughout the current year. The income statement included two extraordinary items: an $800,000 gain from condemnation of land and a $400,000 loss arising from flood damage, both after applicable income tax.

a. Determine the per-share figure for common stock for income before extraordinary items. Round your answer to the nearest whole cent. _______$ per share

b. Determine the per-share figure for common stock for net income. Round your answer to the nearest whole cent. ________$ per share