EPS Junkyard Arts, Inc., had earnings of $147,000 for the year. The company had 24,000 shares of common stock outstanding during the yer and sound 4.100 150 value preferred stock. The preferred stock has a dividend of $6 per share. There were no transactions in other common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places per share