In 2020, Cullumber Company reported net income of $ XXXXXXXXXXIt declared and paid common stock dividends of $ 23000 and had a weighted average of 100000 common shares outstanding. Compute the...

In 2020, Cullumber Company reported net income of $ 202000. It declared and paid common stock dividends of $ 23000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent.