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Rita Corp.'s comprehensive income for its year ended December 31, 20X7, totaled $300,000 ($250,000 net income + $50,000 other comprehensive income = $300,000 comprehensive income).

Rita Corp.'s comprehensive income for its year ended December 31, 20X7, totaled $300,000 ($250,000 net income + $50,000 other comprehensive income = $300,000 comprehensive income). The company had 100,000 common shares outstanding from January 1, 20X7, to June 30, 20X7. On July 1, 20X7, the company declared and distributed a 20% stock dividend. There were no other changes to the outstanding common shares during the 20X7 fiscal year.What was Rita's basic EPS for its year ended December 31, 20X7?

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