Snow Cleaners Inc. had net income of $494592 for its fiscalyear ended November 3

Snow Cleaners Inc. had net income of $494592 for its fiscalyear ended November 30 2003. During the year the company hadoutstanding 64000 shares of 12 percent $40 par value preferredstock and 37280 shares of common stock. Calculate theearnings per share of common stock for the 2003 fiscal year.