At December 31, 2017, Nash Company had 550,000 shares of common stock issued and outstanding, 290,000 of which had been issued and outstanding throughout the year and 260,000 of which were issued on October 1, 2017. Net income for the year ended December 31, 2017, was $1,140,000.

What should be Nashs 2017 basic earnings per common share? (Round answer to 2 decimal places, e.g. 15.25.)

Assume that Nash issued 10-year, $190,000 face value, 6% bonds in 2016 at par (payable annually on January 1). Each $1,000 bond is convertible into 30 shares of Nashs $2 par value common stock. Compute diluted earnings per share. Ignore taxes. (Round answer to 2 decimal places, e.g. 15.25.)