H55 Inc. had 31,700 common shares on January 1, 2021. On May 1, 2,640 common shares were repurchased and retired. On August 31 and November 30, 9,720 and 5,640 common shares were issued, respectively. H55 reported net income of $339,000. H55 also had 10,900 $2 noncumulative preferred shares, on which the dividend for the current year was declared and paid. Calculate the basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share