Waterway Corporation reports net income of $648,000 and a weighted-average of 270,000 shares of common stock outstanding for the year. Waterway has cumulative preferred stock dividends for the current year of $27,000 that were declared and paid. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share $ eTextbook and Media Attempts: 0 of 4 used Using multiple attempts will impact your score. 20% score reduction after attempt 3