Scotland Corporation had net income for 2018 of $ 79 comma 000. Scotland had 6 comma 000 shares of common stock outstanding at the beginning of the year and 19 comma 000 shares of common stock outstanding at the end of the year. There were 12 comma 000 shares of preferred stock outstanding all year. During 2018, Scotland declared and paid preferred dividends of $ 20 comma 000. What is Scotland's earnings per share? (Round the answer to two decimal places.)