Assume that the following data relative to Kane Company for 2015 is available:

Net Income	$2,800,000
Transactions in Common Shares	Change	Cumulative
Jan. 1, 2015, Beginning number	670,000
Mar. 1, 2015, Purchase of treasury shares	(67,200	)	602,800
June 1, 2015, Stock split 2-1	602,800	1,205,600
Nov. 1, 2015, Issuance of shares	228,000	1,433,600
8% Cumulative Convertible Preferred Stock
Sold at par, convertible into 210,000 shares of common (adjusted for split).	$1,050,000
Stock Options
Exercisable at the option price of $25 per share. Average market price in 2015, $30 (market price and option price adjusted for split).	90,000	shares

Compute weighted-average shares outstanding for 2015.

Weighted-average shares outstanding

Compute the basic earnings per share for 2015. (Round answer to 2 decimal places, e.g. 52.75.)

Basic earnings per share

$

Compute the diluted earnings per share for 2015. (Round answer to 2 decimal places, e.g. 52.75.)

Diluted earnings per share

$