Dynatech Inc's shareholders' equity accounts were as follows at the beginning of the current fiscal year, August 1, 2017: $1 noncumulative preferred shares (95,000 shares issued) Common shares (326,000 shares issued) Retained earnings $2,375,000 3.260,000 2,380,000 Total shareholders' equity $8.015,000 During the year, the following selected transactions occurred: Oct. 1 Dec. 1 Feb. 1 Reacquired 23,400 common shares for $20 per share. Issued 64,200 common shares for $23 per share. Issued 10,700 common shares for $24 per share. Declared the annual preferred cash dividend to shareholders of record on July 10 payable on July 31. Net income for the year ended July 31, 2018, was $1,344.000. June 20 July 31 a (a) Question Part Score 4/4 (b) Your answer is incorrect. Calculate the basic earnings per share. (Round answer to 2 decimal place eg. 5.25.) Basic Earnings per Share $ $