On December 31, 2021. Swifty Ltd had 220,000 weighted average common shares outstanding and 65,000 preferred shares outstanding during the year. No dividends were declared or paid in 2021 or 2020 , although dividends were paid on preferred shares in 2019. Swifty had a net income of $3,142,000 for the year ended December 31,2021. Calculate Swifty's basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share