On December 31, Sulfur Corporation has the following data available: Net Income $140,000 Market price of one share of common stock $5 Preferred dividends 36,000 Weighted-average number of shares of common stock outstanding 20,000 shares Total common stockholders' equity at the beginning of the year 360,000 Total common stockholders' equity at the end of the year 160,000 What is the earnings per share?
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