Gwinnett Park Co. Reported net income of $ 916800for its fiscal year ended Septe

Gwinnett Park Co. Reported net income of $ 916800for its fiscal year ended September 30 2003. At thebeginning of that year 150000 shares of common stock wereoutstanding. On February 1 2003 an additional 30000 shareswere issues. On Augusts 1 2003 12000 shares were purchased astreasury stock. During the year the company paid the annualdividend on 44000 shares at 8% $60 par value preferred stock thatwere outstanding during the entire fiscal year. Calculate theearnings per share of common stock for the year ended September 302004.