The shareholders' equity accounts of Crane Ltd. on April 1, 2020, the beginning of the fiscal year, are as follows: $5 cumulative preferred shares (18,000 issued) $1,440,000 Common shares (460,000 issued) 4,600,000 Retained earnings 1,600,000 Total shareholders' equity $7,640,000 During the year, the following transactions occurred: 2020 June 1 July 1 Sept 30 2021 31 31 Reacquired 12,000 common shares for $11 per share. Issued 51,000 common shares for $12 per share. Reacquired 8,000 common shares for $11.50 per share. Jan Mar. Issued 54,000 common shares in exchange for land. The land's fair value was $648,000. Profit for the year ended March 31, 2021, was $1,025,000 Assuming the preferred share dividends are one year in arrears, calculate the earnings per share if no preferred dividends are declared during the year. (Round answer to 2 decimal places, eg. 52.75.) Earnings per share