Blossom Ltd. had 53,000 common shares outstanding throughout its fiscal year ending December 31, 2023. The company also had outstanding a convertible bond with a face value of $957,600 that had been issued in 2014 . The bond paid 8% interest per year and was convertible to 7,200 common shares. Blossom had net income for 2023 of $371,000 and was subject to a 25% income tax rate. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). (a) Calculate basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share