Sunland Company had 208000 shares of common stock, 19800 shares of convertible preferred stock, and $1507000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39700 shares of common stock. During 2021, Sunland paid dividends of $1.00 per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $610000 and the income tax rate was 30%. Basic earnings per share for 2021 is (rounded to the nearest penny)