Exercise 9-13 Calculate basic EPS LO 7 Ringmeup Inc, had net income of $112,900 for the year ended December 31, 2016 At the beginning of the year 43000 shares of common stock were outstanding On May 1, an aosonal 10,000 shanes wene ued On December 1, company purchased 4,400 shares of its own common stock and hekd them as treasury stock unni the end of the year No other changes in common shares oustanding occuned during the year During the year, Ringmeup, oc. pad te annual dividend orne 6,000 shares of 3 15%, S 100 par vatue preferred stock that were outstandng me entre year Required: Cakculate basic eamings per share of common stock for the year ended December 31, 2016 (Do not round intermediate calculations. Round your answer to 2 decimal places