Green Frog Inc. is calculating its Basic EPS for the year ending Dec $31,2023.$ It had $100,000$ common shares outstanding and $10,000$ preferred shares outstanding throughout $2023.$ The preferred shares are non$-$cumulative and carry an annual dividend entitlement of $$1$ per share. Green Frog Inc. reported $2023$ net income of $$500,000$ and it declared an annual dividend to the preferred shareholders on Dec $31.2023.$ Calculate Basic EPS. Round to $2$ decimal places. Do not include a dollar sign in your answer.