Teal Inc. presented the following data.
| Net income |
|
$2,680,000 |
| Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible |
|
4,800,000 |
| Common stock: Shares outstanding 1/1 |
|
729,600 |
| Issued for cash, 5/1 |
|
273,600 |
| Acquired treasury stock for cash, 8/1 |
|
160,800 |
| 2-for-1 stock split, 10/1 |
|
|
Compute earnings per share.