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On January 1, 2018 Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2018 March 1: Reacquired 3,200 shares, accounted

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On January 1, 2018 Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2018 March 1: Reacquired 3,200 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 12, 2ee new shares for cash. December 31: Reported a net income of $299,750. Required: Calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.) Earnings per share

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