Mechforce, Incorporated had net income of $$105,200$ for the year ended December $31,2022.$ At the beginning of the year, $16,000$ shares of common stock were outstandingOn April $1$an additional $15,000$ shares were issuedOn October the company purchased $5,000$ shares of its own common stock and held them as treasury stock until the end of the yearNo other changes in common shares outstanding occurred during the yearDuring the yearMechforce paid the annual dividend on the $7,000$ shares of $4\mathrm{.}15\%$$$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 $31,2022$ Note: Do not round intermediate calculations $.$ Round your answer to $2$ decimal places