Hiroole Inc's shareholders' equity accounts were as follows at the beginning of the most recent fiscal year, August 1,2020 : During the year, the following selected transactions occurred: Oct. 1 Repurchased 25,200 common shares for $20 per share. Dec. 1 Issued 66,000 common shares for $25 per share. Feb. 1 Issued 11,000 common shares for $26 per share. June 20 Declared the annual preferred cash dividend to shareholders of record on July 10 , payable on July 31. July 31 Net income for the year ended July 31,2021 , was $1,290.000. Calculate the basic earnings per share. (Round answer to 2 decimal place eg. 5.25.) Basic Earnings per Share eTextbook and Media