Reference no: EM13373268

On December 31, 20x7, Voss Corporation had 150,000 shares of common stock issued and outstanding. On October 1, 20x8, an additional 20,000 shares of common stock were issued for cash. During 20x8, Voss declared and paid dividends of $100,000 on its 10,000 shares of nonconvertible preferred stock. During 20x8, Voss declared and paid dividends of $80,000 on its common stock. Net income for 20x8 amounted to $500,000. The earnings per share (rounded to the nearest cent) for 20x8 are