1) Stanko Company reported $620.925 million in net income in 2024. On January 1, 2024, the company had 397 million shares of common stock outstanding. On March 1, 2024, 22.2 million new shares of common stock were sold for cash. On June 1, 2024, the company's common stock split 2 for 1. On July 1, 2024, 6.2 million shares were reacquired as treasury stock. Required: Compute Stanko's basic earnings per share for the year ended December 31, 2024