Crystal Stamping began the current year with 450,500 common shares outstanding. The firm has $1,152,000 par value, 12% nonconvertible, noncumulative preferred stock outstanding. The preferred shares were outstanding for a full year and the firm declared preferred dividends for the current year. The company's net income is $3,503,000. Requirement Based on this information, compute basic earnings per share for the current year. (Round your answer to the nearest cent, XXX.) The basic earnings per share for the current year is $