On December 31, 2021, Novak Co. had 189,500 common shares outstanding. The company also had outstanding a convertible bond with a face value of $115.000 that had been issued in 2015. The bond paid 6% interest per year and was convertible to 2,300 common shares. Novak Co. had net income for 2021 of $776,950 and was subject to a 30% income tax rate. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). (a) Calculate basic earnings per share. (Round answer to 2 decimal places, e... 15.25) $ Basic earnings per share