Kevin's Bacon Company Inc. has earning of exist8 million with 2,000,000 shares outstanding before a public distribution. Seven hundred thousand shares will be included in the sale, of which 500,000 are new corporate shares, and 200,000 are shares currently owned by Ann Fry, the founder and CEO. The 200,000 shares that Ann is selling are referred to as a secondary offering and all proceeds will go to her. The net price from the offering will be exist19.50 and the corporate proceeds are expected to produce exist1.3 million in corporate earnings. a. What were the corporation's earnings per share before the offering? (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings Per Share _____ b. What are the corporation's earnings per share expected to be after the offering? Earnings Per Share _____