Assume that the following data relative to Cullumber Company for 2021 is available: Net Income $2,770,000 Change Transactions in Common Shares Jan. 1, 2021. Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares (51,600) 688,400 228,000 Cumulative 740,000 688,400 1,376,800 1.604,800 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 210,000 shares of common (adjusted for split). $1,050,000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2021. $30 (market price and option price adjusted for split). 96,000 shares Your answer has been saved. See score details after the due date. Compute weighted average shares outstanding for 2021. Weighted average shares outstanding 1,432,000 Attempts: 1 of 1 used (a2) Compute the basic earnings per share for 2021. (Round answer to 2 decimal places, s 52.75.) Basic earnings per share $