Cambi Company began operations on January 1, 2014 In the second quarter of 2015, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company s interim income statements as originally reported under the LIFO method follow: If the FIFO method had been used since the company began operations, cost of goods sold in each of the previous quarters would have been as follows: Sales for the second quarter of 2015 are $24,000, cost of goods sold under the FIFO method is $9, 400, and operating expenses are $3, 800 The effective tax rate remains 40 percent. Cambi Company has 1,000 shares of common stock outstanding. Calculate the net income and earnings per share that Cambi reports for the three-month period and the six-month period ended June 30, 2015 (Round "Earnings per share" answers to 2 decimal places.)