The statement of earnings for Stark Ltd. during the year ended December 31, 2016 appears below:

Sales	$162,000
Cost of goods sold	96,000
Gross profit	66,000
Expenses (Note 1)	36,000
Net income	$30,000

Note 1: Includes $6,000 of interest expense, and $3,200 of income tax expense.

Additional information:

1. Average number of common shares outstanding in 2016 was 15,000.

2. The market price of Starks shares was $36 per share at the end of 2016.

3. Cash dividends of $6,000 were paid, $1,200 of which were paid to preferred shareholders.

Calculate the earnings per share for 2016.