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Mechforce, Incorporated had net income of $133,600 for the year ended December 31 , 2022. At the beginning of the year, 14,000 shares of common
Mechforce, Incorporated had net income of $133,600 for the year ended December 31 , 2022. At the beginning of the year, 14,000 shares of common stock were outstanding. On April 1, an additional 23,000 shares were issued. On October 1, the company common shares outstanding occurred during the year. During the year, Mechforce paid the annul dividend on the 5 , soures 3.45%,$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
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