Culver Inc. presented the following data.

Net income$2,350,000Preferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertible4,600,000Common stock: Shares outstanding 1/1778,800 Issued for cash, 5/1330,000 Acquired treasury stock for cash, 8/1153,600 2-for-1 stock split, 10/1

Compute earnings per share.(Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share$