Walla Walla Inc. had 33,100 common shares on January 1, 2021. On May 1, 3,120 common shares were repurchased and retired. On August 31 and November 30, 8,880 and 6,000 common shares were issued, respectively. Walla Walla reported net income of $335,000. Walla Walla also had 10,600 $2 noncumulative preferred shares, on which the dividend for the current year was declared and paid. Calculate the basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share $