Podchart Artc, Inc, had earnings of $279,000 for the year. The company had 32,000 shares of common stock outstanding during the year and issued 2,300 shares of 5100 par value preferted stock. The preferred stock has a dividend of $10 per share. There were no transactions io either common or preferred stock durnod the vear Determine the basic earnings per share for Pichapart Arts for the year, Round answer to two decimal places. per share