On December 31, 2020, the Bennett Company had 115,000 shares of common stock issued and outstanding. On July 1, 2021, the company sold 15,000 additional shares for cash. Bennett's net income for the year ended December 31, 2021, was $640,000. During 2021, Bennett declared and paid $89,000 in cash dividends on its nonconvertible preferred stock. What is the 2021 basic earnings per share