Information concerning the capital structure of Bramble Corp. is as follows:

	December 31,
	2021		2020
Common stock	147000 shares		147000 shares
Convertible preferred stock	14300 shares		14300 shares
5% convertible bonds	$2430000		$2430000

During 2021, Bramble paid dividends of $0.70 per share on its common stock and $3 per share on its preferred stock. The preferred stock is convertible into 29100 shares of common stock. The 5% convertible bonds are convertible into 75000 shares of common stock. The net income for the year ended December 31, 2021, was $404000. Assume that the income tax rate was 32%. What should be the basic earnings per share for the year ended December 31, 2021, rounded to the nearest penny?