Canarie Inc. had 35,800 common shares on January 1, 2021. On May 1, 2,640 common shares were
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Canarie Inc. had 35,800 common shares on January 1, 2021. On May 1, 2,640 common shares were repurchased and retired. On August 31 and November 30, 9,480 and 6,000 common shares were issued, respectively. Canarie reported net income of $400,000. Canarie also had 9,700 $3 noncumulative preferred shares, on which the dividend for the current year was declared and paid. Calculate the basic earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share$enter basic earnings per share in dollars rounded to 2 decimal places
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