At December 31, 2021 and 2020,P Co had 57,000 shares of common stock and 5700 shares of 55100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 20210 2020. Net income for 2021 was $605,000 For 2021, basic earnings per common share amounted to: (Round your answer to 2 decimal places.) Multiple Choice 5500 $10.11 $10.06 $10.00