On December 31, 2017, Brisbane Company had 100,000 shares of common stock outstanding and 24,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On February 28, 2018, Brisbane purchased 18,000 shares of common stock on the open market as treasury stock paying $34 per share. Brisbane sold 5,400 treasury shares on September 30, 2018, for $39 per share. Net income for 2018 was $174,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 44,000 common shares at $34. The market price of the common shares averaged $44 during 2018. 3 3 Required Compute Brisbane's basic and diluted earnings per share for 2018. (Round your answers to 2 decimal places.) Earnings per share Basic Diluted