On December 31, 2019, Silky's Nutmeg Ganache had 10,000 shares of common stock issued and outstanding, On January 1st, 2020, the company issues 10,000 shares of $10 par, 8% convertible, cumulative preferred stock. On March 31, 2020, the company sold 5,000 additional shares for cash. Silky s net income for the year ended December 31, 2020, was $15,000. During 2020, Silky did not declare any dividends to either common or preferred shareholders. What is the 2020 basic earnings per share (rounded)? $0.51 $0.54 O $0.19 O None of the given answers O $1.09