During 2020, Smithson Co. had 200,000 shares of $10 par value common stock and 9,000 shares of 4%, $80 par value convertible preferred stock outstanding. Each share of preferred stock may be converted into three shares of common stock. Smithson Cos 2020 net income was $2,000,000. What is the Basic Earnings Per Share for 2020? (please keep two digits of your answer)