Current Attempt in Progress Sandhill Inc. had 31,700 common shares on January 1, 2024. On May 1, 3,000 common shares were repurchased and retired. On August 31 and November 30, 9,120 and 5,880 common shares were issued, respectively. Sandhill reported net income of $382,000. Sandhill also had 9,200 $2 noncumulative preferred shares, on which the dividend for the current year was declared and paid. Calculate the basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share $