Kennedy Corporation was organized on January 1, 2018, with an initial issuance of 1,110,000 shares of common stock with a par value of $5 per share. During 2018, the corporation had the following capital transactions: March 1 June 1 October 1 $18) Issued additional 80,000 shares @ $10 per share Repurchased 200,000 shares @ $13 per share for the Treasury. Resold 50,000 shares of the treasury stock (the market price was During 2018, Kennedy earned net income of $2,543,000 with no common dividends declared or paid. It was also noted that Kennedy has 100,000, 5%, $100 par value convertible preferred shares issued and outstanding. These shares can be converted into common stock at a 1-3 conversion rate, i.e. 1 preferred share = 3 common shares. Q: What is the basic EPS in 2018? Note: During your calculation process, please do not round. Only round your final answer (i.e., Basic EPS) to the nearest penny.