The Common Stock account for Baltimore Corporation on January 1, 2018

was $75,000. On July 1, 2018 Baltimore issued an additional 5,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $114,000.  Use this information to determine for December 31, 2018 the amount of Earnings per Share (rounded to the nearest cent).