Rose and Hose Garden Supply Co. had 1,358 shares of common stock outstanding at January 1, 2019. On April 1, 2019, it repurchased 54 shares of common stock. Outstanding all year were 10 shares of nonconvertible cumulative preferred stock. Ute reported net income of $1,238 for the year ended December 31, 2019. Ute Co's board of directors declared $138 in preferred dividends during 2019. In its December 31, 2019, income statement, what amount should Ute report as basic earnings per share? (Round to the nearest penny Type your