Check m Stanley Department Stores reported net income of $900,000 for the year ended December 31, 2018 Additional Information: Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $27.00) During the year, the market price of Stanley's common stock averaged $32.4 per share. On Aug. 30 Stanley sold 15,000 common shares Stanley's only debt consisted of $44,000 of 10% short term bank notes. The company's income tax rate is 40%. 130,000 36,000 Required: Compute Stanley's basic and diluted earnings per share for the year ended Decem 31, 2018. (Enter your answers in thousands.)