Current Attempt in Progress On December 31, 2020, Waterway Corporation had 1,151,000 weighted average common shares outstanding and 250,000 preferred shares outstanding. Waterway Corporation's preferred shares are $ 6, cumulative preferred shares. There were no changes to the number of preferred shares outstanding during the year. No dividends were declared or paid in 2020 or 2019, although dividends were paid on preferred shares in 2018. Waterway Corporation had a net income of $ 8,406,000 for the year ended December 31, 2020. Calculate Waterway Corporation's basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share e Textbook and Media Save for Later Attempts: 0 of 2 used Submit