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Cullumber Corporation has 420,000 shares of common stock outstanding throughout 2021. In addition, the corporation...

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Accounting

Cullumber Corporation has 420,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 4,500, 20-year, 8% bonds issued at par in 2019. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/22. During the year 2021, the corporation earned $730,800 after deducting all expenses. The tax rate was 30%. Compute the proper earnings per share for 2021. (Round answer to 2 decimal places, 52.75.)

Earning per share:????

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