On December 31, 2013, Belair Corporation had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On February 28, 2014, Belair purchased 24,000 shares of common stock on the open market as treasury stock paying $20 per share. On June 30, 2014, Belair declared and issued a 2-for-1 stock split on common stock. Belair sold 6,000 treasury shares on September 30, 2014, for $15 per share. Net income for 2014 was $180, 905. Compute Belair's basic earnings per share for 2014