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A company had the following outstanding shares as of 1/1/2022: PS-$100 par, 4%, cumulative 10,000 shares CS-$1 par 50,000 shares On April 1 the

A company had the following outstanding shares as of 1/1/2022: PS-$100 par, 4%, cumulative 10,000 shares CS-$1 par 50,000 shares On April 1 the company sold 16,000 of previously un-issued common stock. No dividends were declared in 2021 or 2022, but the company issued a 10% stock dividend on December 1. Net income for 2022 totaled $276,000. What is basic EPS for the year ended 12/31/2022?

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