Capital Consulting Company had 430,000 shares of common stock outstanding on Decembe1, 2021. On that date, there were also 5,300 shares of $100 par, 6% noncumulative preferred stock outstanding. On March 1, 2022, the company's common stock split 4-for-1. On December 15, 2022, a preferred dividend was declared and paid in the amount of $28,000. Net income for 2022 was $3,300,000.
Required:
(A) Compute basic earning per share rounded to 2 decimal places for the year ended Dec 31 2022.