Snell co had 300000 shares of common stock issued and outstanding at12/31 year 2. on 1/1 year 3, snell issued 200000 shares of nonconvertible preferred stock. during year 2 snell declared and paid $75000 of cash dividends on the common stock and $60000 ont he preferred stock. net income for year ended 12/31 year 3 was $330000 what is snell's year basic earning per share.