595 Junkyard Arts, Inc., had earnings of $542,800 for the year. The company had 44,000 shares of common stock outstanding during the year and issued 3.600 shares of $50 par value preferred stock. The preferred stock has a dividend of 39 per share. There were no transactions in other common or preferred stock during the year Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. per share