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:

	2014		2015
	1st Q		2nd Q		3rd Q		4th Q		1st Q
Sales	$	33,000		$	35,000		$	37,000		$	39,000		$	41,000
Cost of goods sold (LIFO)		6,300			7,300			8,100			9,300			10,800
Operating expenses		4,300			4,500			4,900			5,300			5,500
Income before income taxes	$	22,400		$	23,200		$	24,000		$	24,400		$	24,700
Income taxes (40%)		8,960			9,280			9,600			9,760			9,880
Net income	$	13,440		$	13,920		$	14,400		$	14,640		$	14,820

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:

	2014		2015
	1st Q		2nd Q		3rd Q		4th Q		1st Q
Cost of goods sold (FIFO)	$	6,100		$	6,900		$	7,500		$	8,300		$	9,700

Sales for the second quarter of 2015 are $43,000, cost of goods sold under the FIFO method is $11,300, and operating expenses are $5,700. The effective tax rate remains 40 percent. Cambi Company has 1,000 shares of common stock outstanding.

Calculate thenet 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.)

Three Months Ended June 30	Six Months Ended June 30
2014	2015	2014	2015
Net income
Earnings per share

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: Sales Cost of goods sold (LIFO) Operating expenses 1st Q $ 33,000 6,300 4,300 2014 2nd Q 3rd Q $ 35,000 $ 37,000 7,300 8,100 4,500 4,900 4th Q $ 39,000 9,300 5,300 2015 1st Q $ 41,000 10,800 5,500 Income before income taxes Income taxes (40%) $ 22,400 8,960 $ 23,200 9,280 $ 24,000 9,600 $ 24,400 9,760 $ 24,700 9,880 $ 13,440 $ 13,920 $ 14,400 $ 14,640 $ 14,820 Net income 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: 2014 1st Q $ 6,100 Cost of goods sold (FIFO) 2nd Q $ 6,900 3rd Q $ 7,500 4th Q $ 8,300 2015 1st Q $ 9,700 Sales for the second quarter of 2015 are $43,000, cost of goods sold under the FIFO method is $11,300, and operating expenses are $5,700. 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.) Three Months Ended June 30 2014 Net income Earnings per share 2015 Six Months Ended June 30 2014 2015