On December 31, 2020, Jackson Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%.550. cumulative preferred stock outstanding. On February 28, 2021, Jackson purchased 24,000 shares of common stock on the open market as treasury stock for $35 per share. Jackson sold 6.000 treasury shares on September 30, 2021, for $37 per share. Net Income for 2021 was $180,905. Also outstanding during the year were fully vested incentive stock options giving key executives the option to buy 50,000 common shares at $40. The market price of the common shares averaged $39 during 2021 Required: Compute Jackson's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.) Earnings pe share Basic Diluted