10.

1 points Save Answer Fill in Blank. As Dec 31st, 2020 Mineral Bistro Corp. reports the following convertible securities: 6.2% cumulative preferred stock (par value: $ 104 per shr): 40,000 shares issued and outstanding since 2017. NO dividend has been paid. Each preferred share is convertible into 5 shares of common stock. 10 % Corporate Bond (Total face value $ 6 Mils): bond issued at 100 in 2019. Each $ 200,000 bond is convertible into 1,844 common shares. 8 % Corporate Bond (Total face value $ 4 Mils): bond issued at 100 on April 1st, 2020. Each $ 250,000 bond is convertible into 1,318 common shares. Weighted average common shares outstanding for basic EPS is 699,322 shares. Net income during the year is $ 1,843,258. Mineral Bistro is subject to 34 % statutory tax rate. Compute basic earnings per share for 2020. (Round your answer to the nearest penny)