Story Company reported net income for 20x9 in the amount of $50,000. During 20x9,St $12,000 in cash dividends on its nonconvertible preferred stock. The Company also paid $10,000 cash dividends on ory declared and paid its common stock. The Company had 40,000 common shares outstanding from January 1 until 10,000 new shares were sold for cash on July 1,20x9. A 2-for-1 stock split was granted on July 5, 20x9. What is the 20x9 basic earnings per share? HTML