On January 1, a corporation had 10,500 shares of common stock outstanding.On August 1, it sold an additional 6,000 shares.During the year, dividends of $56,050 were declared and paid on preferred stock.Net income for the year was $240,000.The basic earnings per share for the year was?

$17.52 per share

$14.15 per share

$11.15 per share

$22.86 per share