Capital Consulting Company had 420,000 shares of common stock outstanding on December 31, 2017. On that date, there were also 5,200 shares of $100 par, 7% noncumulative preferred stock outstanding. On March 1, 2018, the company's common stock split 2-for-1. On December 15, 2018, a. preferred dividend was declared and paid in the amount of $27,000. Net Income for 2018 was $3,200,000. Required: Compute basic earnings per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.) Earnings per share