Exercise 9.15 (Algo) Colculate basic EPS LO 9.6 Mechforce, Incorporated had net income of $114,600 for the year ended December 31, 2022. At the beginning of the yeat, 16,000 shares of common stock were outstanding. On Aptil 1, an additional 19,000 shares were issued On October 1, the company purchased 3,000 shares of its own common stock and held them as treasury stock until the end of the year, No other changes in common shares outstanding occurred during the year. During the year, Mechforce paid the annual dividend on the 7.000 shares of 4.25%,$100 por Value preferred stock that were outstanding the entire year. Required: Calculate basic earnings per share of common stock for the year ended December 31,2022 Note: Do not round intermediate calculations. Round your answer to 2 decimal places