The information below pertains to Blue Company for $2026.$

let income for the year

$$1,250,000$

$\%$ convertible bonds issued at par $($ $$1,000$ per bond$)$; each bond is convertible into $30$ shares of common stock

$2,070,000$

$\%$ convertible, cumulative preferred stock, $$100$ par value; each share is convertible into $3$ shares of common stock

$4,120,000$

:ommon stock, $$10$ par value

ax rate for $2026$

$6,060,000$

verage market price of common stock

$$25$ per share

There were no changes during $2026$ in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options $($granted in a prior year$)$ to purchase $75,300$ shares of common stock at $$20$ per share.

a$.$ Compute basic earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$