Zedd Corporation had $183,000 of net income for the current year ending December 31. The corporation had 7,000, $6, cumulative preferred shares issued and outstanding throughout the year. They declared and paid a preferred dividend in the year. The following reflects the common shares during the current year: Jan 1 25,000 common shares were issued and outstanding. Jul 31 Zedd Corporation purchased and retired 4,000 of their common shares. Nov 1 The Board of Directors declared a 10% share dividend for common shares. REQUIRED: Calculate the earnings per share on common shares for the current year. Round your answer to the nearest penny