EPS Junkyard Arts, Inc., had earnings of $340,200 for the year. The company had 28,000 shares of common of $7 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal plac per share mings of $340,200 for the year. The company had 28,000 shares of common stock outstanding during the year and issued 2,20 no transactions in either common or preferred stock during the year. s per share for Junkyard Arts for the year. Round answer to two decimal places. pany had 28,000 shares of common stock outstanding during the year and issued 2,200 shares of $100 par value preferred stock. The preferred stock has a dividend lerred stock during the year, ar Round answer to two decimal places