Assume that the following data relative to Kane Company for 2018 is available: Net Income $2,800,000 Change Cumulative Transactions in Common Shares Jan. 1, 2018, Beginning number Mar. 1, 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1, 2018, Issuance of shares (67,200) 602,800 228,000 670,000 602,800 1,205,600 1,433,600 6% 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 2018, $30 (market price and option price adjusted for split). 90,000 shares Part 1 Compute weighted average shares outstanding for 2018. Weighted average shares outstanding Part 2 Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share $ Part 3 Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Diluted earnings per share $