Information concerning the capital structure of Sandhill Corporation is as follows: December 31, 2025 2024 Common stock 144000 shares 144000 shares Convertible preferred stock 14500 shares 14500 shares 5% convertible bonds $2390000 $2390000 In 2025, Sandhill paid dividends of $0.9 per share on its common stock and $3 per share on its preferred stock. The preferred stock is convertible into 29600 shares of common stock. The 5% convertible bonds are convertible into 75800 shares of common stock. The net income for the year ended December 31, 2025, was $403000. Assume that the income tax rate was 30%. What should be the basic earnings per share for the year ended December 31, 2025?