At December $31,2022$ and $2023,$ Sandhill Corp. had $115000$ common shares and $11500,$ $$5,$ no par value cumulative preferred shares outstanding. No dividends were declared in $2022$ or $2023.$ Net income for $2023$ was $$414000.$ For $2023,$ basic earnings per share would be

Select answer from the options below $-$ Incorrect!

$$3\mathrm{.}10.$

$$1\mathrm{.}80.$

$$2\mathrm{.}60.$

$$3\mathrm{.}60.$ wrong answer