5. (5 points) On December 31, 2020, Deed Corporation had 700,000 shares of common stock and 40,000 shares of 10%, noncumulative, nonconvertible preferred stock issued and outstanding. Deed issued a 5% common stock dividend on May 15 and paid cash dividends of $500,000 and $79,000 to common and preferred shareholders, respectively, on December 15, 2021. On February 28, 2021, Deed sold 64,000 common shares. In keeping with its long-term share repurchase plan, 6,000 shares were repurchased on July 1. Deed's net income for the year ended December 31, 2021, was $2,600,000. The income tax rate is 25%. Compute Deed's basic earnings per share for the year ended December 31, 2021. $ /share