At December $31,2024$ and $2023,$ Violette Company had $52,000$ shares of common stock and $5,200$ shares of $5\%,$ $$100$ par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in $2024$ or $2023.$ Net income for $2024$ was $$530,000.$ For $2024,$ basic earnings per common share amounted to:

Note: Round your answer to $2$ decimal places