Paragraph Styles 2 3 TKIE Ringmeup Inc. had net income of $182.000 for the year ended December 31, 2019. At the beginning of the year 38.000 shares of common stock were outstanding On May 1 an additional 1000 were issued on December the company chased 4600 shares of its own common stock and held them stock until the end of the year No other changes on shares outstanding occurred during the year During the year Ringmeup paid the annual dividend on the 6.000 shares of 3.00% $100 par value preferred stock that were outstanding the entire year Required: Calculate basic earnings per share of common stock for the year ended December 31, 2019 (Do not found intermediate cakcufation's Round your answer to 2 decimal places.) Earnings per share