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Mary Poppins Company had 50,000 common shares outstanding at the beginning of 2020

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Mary Poppins Company had 50,000 common shares outstanding at the beginning of 2020. On April 30, the company sold an additional 10,000 shares and on October 1, the company declared a 2 for 1 stock split. The net income for 2016 was $500,000 and the preferred shareholders received $125,000 of dividends. Mary Poppins Company has a December 31 year end. REQUIRED: Calculate the Earnings per Share for 2020.