Blossom Inc. had net income for the current year ending December 31, 2023 of $1,230,480. Durinn the entire year there wer 506,000 common shares outstanding. The compary had two classes of preferred shares cutstandinc the Cians A prefered shar e were $2.62 cumulative shares of which 10,000 were outstanding and were convertible to common shares at a rate of li:. There were 102,000$5.62 Class B non-cumulative preferred shares outstanding that wern also convertible at a rate of Iit. Blasipimhad outstanding a $1,000,000,8% bond issued in 2012 that was convertible to 21 ob0 commen shares. The company aho had cutsandins. a $1,000,000,7% bond issued in 2013 that was convertible to 26.000 common shares. No dividends were declared or paid this ie a. Blossom's tax rate is 38% Calculate basic earnings per share. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately.) (Round answer to 2 decimal places, es. 15.25.) Basic earnings per share