Washington Enterprises had net income for 2016 of? $103,000. Washington had? 39,000 shares of common stock outstanding at the beginning of the year and? 43,000 shares of common stock outstanding at the end of the year. There were? 6,000 shares of preferred stock outstanding all year. During? 2016, Washington declared and paid preferred dividends of? $29,000. What is? Washington's earnings per? share? (Round the answer to two decimal? places.)
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