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) $2,375.000 Common shares (326,000 shares issued) 3.260,000 Retained earnings 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 la) Question Part Score 4/4 (b) Question Part Score 4/4 (d) Would your answer to the basic earnings per share calculated above change if the preferred share dividend had not been declared on June 20? (Round answer to 2 decimal place e.g. 5.25.) Basic Earnings per Share $