A company reported EPS of \(\$ 2\) (or \(\$ 2,400,000 / 1,200,000\) shares) for 1998 , ending the year with \(1,200,000\) shares outstanding. In 1999, the company earned net income of \(\$ 7,680,000\), issued 320,000 shares of common stock for cash on September 30, and distributed a \(100 \%\) stock dividend on December 31, 1999. Compute EPS for 1999, and compute the adjusted earnings per share for 1998 that would be shown in the 1999 annual report.