The following information was drawn from the accounting records of Silverburg Company. Net income $ 200,000 Preferred stock outstanding, 10% cumulative $ 40,000 Market price per share of common stock $ 10.00 Total Stockholders’ Equity $ 1,240,000 Average number of common shares outstanding 100,000 shares Number of common shares outstanding at end of the accounting period 120,000 shares Dividends per share on common stock $ 0.50 per share Based on this information, the company’s earnings per share is