Exercise 11-15 (Part Level Submission) Oriole Company has $1,170,000 in assets and $1,170,000 in stockholders' equity, with 42,400 shares outstanding the entire year. It has a return on assets of 10%. During 2016, it had net income of $117,000. On January 1, 2017, it issued $403,000 in debt at 4% and immediately repurchased 21,200 shares for $403,000. Management expected that, had it not issued the debt, it would have had net income of $117,000 in 2017. (a) Determine the company's net income and earnings per share for 2016 and 2017. (Ignore taxes in your computations.) (Round earnings per share to 2 decimal places, e.g. $2.66.) 2016 2017 Net income Earnings per share s Click if you would like to Show Work for this question: Open Show Work