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:

Cambi Company began operations on January1, 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: 2016 2317 15m 2mg 3rdQ to 15m Sales $ 22,800 $ 24,800 $ 26,800 $ 23,800 $ 38,800 Cost: of goods sold (LIFO) 5,200 6,200 7,000 5,200 9,700 Operating expenses 3,200 3,400 3,800 4,200 4,400 Income before income taxes $ 13,600 $ 14,400 $ 15,200 $ 15,600 $ 15,900 Income taxes (48%) 5,440 5,760 6,880 6,240 6,360 Net income $ 81160 $ 8,640 $ 9,120 $ 9,360 $ 9,540 If the FIFO method had been used since the company began operations, cost at goods sold in each ofthe previous quarters would have been as follows: 2016 2017 th anQ 3ndQ 4\"!) km Cost: of goods sold (FIFO) 3; 5,000 $ 5,000 $ 6,400 $ 7,200 $ 8,600 Sales for the second quarter of 2017 are $32,000, cost of goods sold under the FIFO method is $10,200, and operating expenses are $4,600. 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 threeemonth period and the six-month period ended June 30, 2017. [Round "Earnings per share" answers to 2 decimal places] Net income per common share