Ringmeup Inc. had net income of $107,600 for the year ended December 31, 2019. At the beginning of the year, 45,000 share common stock were outstanding. On May 1, an additional 13,000 shares were issued. On December 1, the company purchase shares of its own common stock and held them as treasury stock until the end of the year. No other changes in common share outstanding occurred during the year. During the year, Ringmeup paid the annual dividend on the 9,000 shares of 3.60%, $10 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 round intermediate calc Round your answer to 2 decimal places.) Earnings per share