dooley co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% convertible bonds outstanding during 20a1. the preferred stock is convertible into 40,000 shares of common stock. during 20a1, dooley paid dividends of $ 1.20 per share on the common stock and $ 3.00 per share on the preferred stock. each $ 1,000 bond is convertible into 45 shares of common stock. the net income for 20a1 was $ 600,000 and the income tax rate was 30%. basic earnings per share for 20a1 is (rounded to nearest cent)