Marigold Inc. presented the following data.
Net income
Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible
Common stock: Shares outstanding 1/1
Issued for cash, 5/1
Acquired treasury stock for cash, 8/1
2-for-1 stock split, 10/1
$2.670.000
5.500.000
822.000
302.400
162.000
Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
Earnings per share ____