A company reports the following: Net income $738,000 Preferred dividends $42,000 Shares of common stock outstanding 80,000 Market price per share of common stock $77.43 a. Determine the company's...

A company reports the following:

Net income    $738,000
Preferred dividends    $42,000
Shares of common stock outstanding    80,000
Market price per share of common stock    $77.43
a.  Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required.