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Grimm Company has 2,400,000 shares of common stock outstanding on December 31, 2016. An additional 150,000 shares of common stock were issued on July 1,

Grimm Company has 2,400,000 shares of common stock outstanding on December 31, 2016. An additional 150,000 shares of common stock were issued on July 1, 2017, and 300,000 more on October 1, 2017. On April 1, 2015, Grimm issued 6,000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 40 shares of common stock. No bonds were converted into common stock in 2017. Net income for 2017 was $25,500,000 and the companys income tax rate is 40%. What is the basic earnings per share and diluted earnings per share for the year ended December 31, 2017?

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