On December 31, 2017, Brisbane Company had 100,000 shares of common stock outstanding and 27,000 shares of 7%, $50 par. cumulative preferred stock outstanding. On February 28, 2018, Brisbane purchased 14,000 shares of common stock on the open market as treasury stock paying $30 per share. Brisbane sold 5,000 treasury shares on September 30, 2018, for $35 per share. Net Income for 2018 was $170,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 40,000 common shares at $30. The market price of the common shares averaged $40 during 2018. Required: Compute Brisbane's basic and diluted earnings per share for 2018. (Round your answers to 2 decimal places.) Earnings per share Basic Diluted