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Purple Cab Company had 69,000 shares of common stock outstanding on January 1, 2024. On April 1, 2024, the company issued 39,000 shares of common stock. The company had outstanding fully vested incentive stock options for 6,900 shares exercisable at $11 that had not been exercised by its executives. The average market price of common stock was $13. The company reported net income in the amount of $288,915 for 2024. What is the basic earnings per share (rounded)?

Multiple Choice

$2.94

$4.19

$2.68

$2.51