The Following Information Is Available for Hildebrand Corporation Instructions
Compute the Earnings Per Share of Common Stock

The following information is available for Hildebrand Corporation: $\begin{array}{lr}\text { Dividends paid to common stockholders } & \$ 45,000 \\\text { Dividends paid to preferred stockholders } & 20,000 \\\text { Net income } & 295,000 \\\text { Weighted average common shares outstanding } & 100,000\end{array}$ Instructions
Compute the earnings per share of common stock.