At January $1,2023,$ Cullumber Corp. had $197000$ common shares outstanding $($no preferred shares issued$).$ On July $1,2023,$ the corporation issued $239000$ shares, and reported net income of $$323500$ for calendar $2023.$ Basic earnings per share for $2023$ would be

Select answer from the options below

$$0\mathrm{.}72.$

$$2\mathrm{.}71.$

$$1\mathrm{.}02.$

$$1\mathrm{.}36.$