Cambi Company began operations on January 1, 2016. In the second quarter of 2017, 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 2017 sta 2016 1stg 2ndQ 3rdQ 4the $ 31, 000 6,100 4,100 S 20, 800 8,320 $12,480 $33,000 7,100 4,300 $ 21,600 8,640 $12, 960 35,000 37,00039,000 Sales costf goods sold (LIFO) Operating expenses Income before income taxes Income taxes (40%) 7,900 4,700 9,100 ,100 10,600 5,300 $ 22,400 22,800 23,100 8,960 9,120 9,240 Net income $13,440 $13, 680 $13, 860 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: 2016 1sta $5,900 2ndQ S6,700 3rdg $7,300 4the $8,100 2017 1ste $9,500 Cost of goods sold (FIFO) Sales for the second quarter of 2017 are $41,000, cost of goods sold under the FIFO method is $11,100, and operating expenses are $5,500. The effective tax rate remains 40 percent. Cambi Company has 1,000 shares of common stock outstanding Prepare a schedule showing the calculation of net income and earnings per share that Cambi reports for the three-month period and the six-month period ended June 30, 2017. (Round "Earnings per share" answers to 2 decimal places.) hree Months Ended June 30 Six Months Ended June 30 2016 2017 2016 2017 Net income Net income per common share