Question 14 On January 1, 2022, McKinley Delivery had 200,000 shares of common stock outstanding and 10.000 shares of preferred stock outstanding No shares were in treasury at the beginning of 2022. The following transactions occurred during 2022: March 1: August 30: October 1: Acquired 40,000 shares, accounted for as treasury stock. Reissued 30,000 of the treasury shares. Issued 70,000 new shares for cash. December 31: Reported a net income of $178,145 December 31: Paid cash dividends to common shareholders of $30,000. December 31: Paid cash dividends to preferred shareholders of $50,000. Calculate McKinley Delivery's basic earnings per share for the year ended December 31, 2022. State the final answer in dollars and cents, e.g., $4.50. Show calculations for partial credit. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mad n T Paragraph Arial 10pt E ALV I x b