At December 31, 2018 and 2017, G Co. had 88,000 shares of common stock and 6,800 shares of 7%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2018 or 2017. Net income for 2018 was $690,000. For 2018, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)