On January 1, 2022,Jello, It's Me had 1,018,764 common shares and 9,523 cumulative preferred shares that had a stated dividend of $2 per share per year. 21,218 common shares were issued by the company on June 1. 81,805 common shares were repurchased and cancelled by the Company on October 1. The number of preferred shares did not change during the year. Net income for 2022 was $4,292,069. No dividends were declared or paid. Calculate basic earnings per share for 2022. Please round your final answer to two decimal places. Do not round intermediary answers.