On January 1, 2016, Bennett Corporation had 20,000 shares ofcommon shares outstanding. Bennett sold another 2,600 shares onJuly 1, 2016, and reacquired 600 shares on November 1, 2016.Bennett earned $337,600 net income and has 15,000 shares of $10 parvalue, 6% cumulative preferred stock on which the last dividendswere declared in 2012. Select the year’s basic earnings pershare.

$15.92

$15.65

$15.50

$15.08