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Waterway Industries purchased Carla Vista Co. and agreed to give stockholders of Carla Vista Co. 49900 additional shares in 2023 if Carla Vista Co's net
Waterway Industries purchased Carla Vista Co. and agreed to give stockholders of Carla Vista Co. 49900 additional shares in 2023 if Carla Vista Co's net income in 2022 is $608000 or more; in 2021 Carla Vista Co's net income is $613000. Waterway has net income for 2021 of $1505000 and has an average number of common shares outstanding for 2021 of 496000 shares. What should Waterway report as earnings per share for 2021
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