EPS

Junkyard Arts, Inc., had earnings of $484,100 for the year. The company had 48,000 shares ofcommon stockoutstanding during the year and issued 4,300 shares of $150 par valuepreferred stock. The preferred stock has adividendof $11 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 places.

$per share