Aria Ltd. provides the following information for calendar 2020 1. Net income $ 420,000~ 2. Capital Structure a) $ 8 preferred shares, no par value, cumulative, $ 600,000~ 6,000 shares outstanding No dividends were declared during 2020.~ b) Common shares, 76,000 shares outstanding on January 1.~ On April 1, 40,000 shares were issued for cash. On October 1, 16,000 shares were purchased and retired. $ 1,000,000 Instructions Calculate basic earnings per share for 2020.~