Assume that the following data relative to Sandhill Company for 2021 is available:

Net Income					$2,710,000
Transactions in Common Shares		Change			Cumulative
Jan. 1, 2021, Beginning number					660,000
Mar. 1, 2021, Purchase of treasury shares		(53,400)			606,600
June 1, 2021, Stock split 2-1		606,600			1,213,200
Nov. 1, 2021, Issuance of shares		204,000			1,417,200
6% Cumulative Convertible Preferred Stock
Sold at par, convertible into 200,000 shares of common (adjusted for split).					$1,000,000
Stock Options
Exercisable at the option price of $25 per share. Average market price in 2021, $30 (market price and option price adjusted for split).					99,000	shares

Compute weighted average shares outstanding for 2021.

Weighted average shares outstanding

Compute the basic earnings per share for 2021. (Round answer to 2 decimal places, e.g. 52.75.)

Basic earnings per share

$

Compute the diluted earnings per share for 2021. (Round answer to 2 decimal places, e.g. 52.75.)

Diluted earnings per share

$