Waterway inc. presented the following data.

Net income

Preferred stock: $53,000$ shares outstanding. $$100$ par, $8\%$ cumulative, not convertible

Common stock: Shares outstanding $\frac{1}{1}$

Issued for cash, $5/1$

Acquired treasury stock for cash, $8/1$

$2-$for$-1$ stock split, $\frac{10}{1}$

Compute earnings per share. $($Round answer to $2$ decimal places, e$.$g$\mathrm{.}2\mathrm{.}55.)$

Earnings per share $$