Brisbane Company had 100,000 shares of common stock outstanding and 35,000 shares of 6%, $50 par, cumulative preferred stock outstanding. On February 28, 2016, Brisbane purchased 29,000 shares of common stock on the open market as treasury stock paying $45 per share. Brisbane sold 6,500 treasury shares on September 30, 2016, for $50 per share. Net income for 2016 was $185,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 55,000 common shares at $45. Compute Brisbane's basic and diluted earnings per share for 2016