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Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Matthias Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $397,220 $417400 Accounts receivable.net 906 800 776,400 Inventory 743,000 681000 2012 Inventory 743,000 681,000 Other current assets 381,300 247,000 Total current assets 2.428,320 2,121,800 Property, plant, & equipment, net 8,678,000 8,440,100 Total assets $11,106,320 $10,561,900 Liabilities and Stockholders' Equity Current liabilities $2.934,700 $2,846,000 Long-term debt 3.700,600 3,892,600 Total liabilities 6,635,300 6,738,600 Preferred stock. $5 par value 58.900 58.900 Common stock. $0.25 par value 104,600 103,800 Retained earnings 4,307 520 3,660,600 Retained earnings 4,307,520 3,660,600 Total stockholders' equity 4,471,020 3,823,300 Total liabilities and stockholders' equity $11,106,320 $10,561,900 Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,200 $9,613,900 Cost of goods sold 5.411,800 5,298.700 Gross proft 4.765,400 4,315,200 Operating expenses 2,899,900 2,634.100 Net operating income 1.865,500 1.681.100 Gross pront 4,765,400 14,315,200 Operating expenses 2,899,900 2,634,100 Net operating income 1,865,500 1,681,100 Interest expense 300,300 308,600 Net income before taxes 1,565,200 1,372,500 Income taxes (30%) 469,560 411,750 Net income $1,095,640 $960,750 Dividends paid Preferred dividends 29,450 29,450 Common dividends 419,270 413,000 Total dividends paid 448,720 442.450 Net income retained 646.920 518,300 Retained earnings, beginning of year 3,660,600 3,142,300 646.920 518,300 Net income retained Retained earnings, beginning of year 3,660,600 3,142,300 Retained earnings, end of year $4,307,520 $3,660,600 (a) Calculate the earnings per share (average of 420,000 shares outstanding for the year) for 2020. (Round answer to 2 dec places, es 2.55:) Earning per share $ per share

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