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Getaway Travel Company reported net income for 2024 in the amount of $54,000. During 2024,...

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Accounting

Getaway Travel Company reported net income for 2024 in the amount of $54,000. During 2024, Getaway declared and paid $4,000 in cash dividends on its nonconvertible preferred stock. Getaway also paid $14,000 cash dividends on its common stock. Getaway had 44,000 common shares outstanding from January 1 until 14,000 new shares were sold for cash on July 1,2024. A 2-for-1 stock split was granted on July 5,2024. What is the 2024 basic earnings per share?

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