Nusome Company presents the following data for 2022:

Net Income (after tax) $10,500,000

Preferred Stock: 100,000 shares outstanding, $100 par, 8% CUMULATIVE, noncovertible $10,000,000

Common Stock:

1. Shares outstanding on January 1: 800,000
2. On June 1 the Company issued 100,000 more shares for cash
3. On October 1, the Company issued 360,000 shares as part of a 40% stock dividend
4. On December 1, the Company purchased 80,000 shares as treasury shares

Required:

Please calculate basic earnings per share.