Cambi Company began operations on January 1,2008. In the second quarter of 2009, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company’s interim income statements as originally reported under the LIFO method follow:

2008 2009 LO3 IstQ 2ndQ 3rdQ 4thQ IstQ Sales.
$10,000 $12,000 $14,000 $16,000 $18,000 Cost of goods sold (LIFO) ....
4,000 5,000 5,800 7,000 8,500 Operating expenses.
2,000 2,200 2,600 3,000 3,200 Income before income taxes . .
4,000 4,800 5,600 6,000 6,300 Income taxes (40%).
1,600 1,920 2,240 2,400 2,520 Netincome.
$ 2,400 $ 2,880 $ 3,360 $ 3,600 $ 3,780 If the FIFO method had been used since the company began operations, cost of goods sold in each of the previous quarters would have been as follows:
_2008_ 2009 IstQ 2ndQ 3rdQ 4thQ IstQ Cost of goods sold (FIFO). $3,800 $4,600 $5,200 $6,000 $7,400 Sales for the second quarter of 2009 are $20,000, cost of goods sold under the FIFO method is $9,000, and operating expenses are $3,400. The effective tax rate remains 40 percent. Cambi Com¬ pany has 1,000 shares of common stock outstanding.
Prepare a schedule showing the calculation of net income and earnings per share that Cambi reports for the three-month period and the six-month period ended June 30, 2009.