At December 31, 2024 and 2023, Violette Company had 53,000 shares of common stock and 5,300 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2023. Net income for 2024 was $545,000. For 2024, basic earnings per common share amounted to: Note: Round your answer to 2 decimal places. Multiple Choice O O O O $5.00. $9.78. $9.73. $10.00