Coffee Company had 20,000 ordinary shares outstanding on January 1, 2020. On May 1, 2020, the entity issued 10,500 ordinary shares. Outstanding all year were 10,000 non-cumulative preference shares on which the annual dividend of $40 per share was paid in December 2020. Net income was $967,000. What amount should be reported as basic earnings per share?

		35.80
		28.40
		18.60
		21.00