On January 1, 2021, Door Supplies had 100,000 shares of common stock outstanding. The following transactions occurred during 2021 March 1 Reacquired 3,400 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 12,400 new shares for cash. December 31: Reported a net income of $301,750. Required: Calculate Dorr Supplies's basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earnings per share