PickApart Arts, Inc., had earnings of $244,800 for the year. The company had 26,000 shares of common stock outstanding during the year and issued 4,400 shares of $100 par value preferred stock. The preferred stock has a dividend of $6 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for PickApart Arts for the year. Round answer to two decimal places. X per share