The following is financial data for Honest Joe: Balance Sheet Income Statement Assets: Cash $250,000 Sales (all credit) $8,000,000 Accounts receivable 450,000 Cost of goods sold (4,000,000) Inventory 500,000 Operating expense (2,900,000) Net fixed assets 2,100,000 Interest expense (150,000) Total assets $3,300,000 Income taxes (380,000) Net income $570,000 Liabilities and owners' equity Accounts payable $100,000 Preferred Stock Dividend Preferred Stock 450,000 outstanding 0.67 cents per share Notes payable (due in 3 years) 50,000 shares 450,000 shares Long-term debt 1,050,000 Common Stock outstanding Common Stock Dividend 0.35 cents per share Total Owners' Equity 1,700,000 Total liabilities and owner's equity $3,300,000 Calculate Earnings per share for Honest Joe