ExercisGalculate basic EPS Mechforce, Inc. had net income of $$151,800$ for the year ended December $31,2022.$ At

$9\mathrm{.}15$ the beginning of the year, $15,000$ shares of common stock were outstanding. On April $1,$ an additional $10,000$

L$09-6$ shares were issued. On October $1,$ the company purchased $3,000$ shares of its own common stock and held

them as treasury stock until the end of the year. No other changes in common shares outstanding occurred

during the year. During the year, Mechforce paid the annual dividend on the $6,000$ shares of $5\%,$ $$100$ par

value preferred stock that were outstanding the entire year.

Required:

Calculate basic earnings per share of common stock for the year ended December $31,2022.$