Susan Co. had 300,000 common shares issued and outstanding at December 31, 2001. No common shares were issued during 2002. On January 1, 2002, Susan issued 200,000 nonconvertible preferred shares. During 2002, Susan declared and paid $100,000 cash dividends on the common shares and
$ 80,000 on the preferred shares. Net income for the year ended December 31, 2002 was $620,000. What should be Susan's 2002 earnings per common share?