On December 31, 2023, Brisbane Company had 100,000 shares of common stock outstanding and 38,000 shares of 5%, $50 par, cumulative preferred stock outstanding. On February 28, 2024, Brisbane purchased 32,000 shares of common stock on the open market as treasury stock paying $48 per share. Brisbane sold 6,800 treasury shares on September 30, 2024, for $53 per share. Net income for 2024 was $188,905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 58,000 common shares at $48. The market price of the common shares averaged $58 during 2024. Required: Compute Brisbane's basic and diluted earnings per share for 2024. Note: Do not round intermediate calculation. Round your answers to 2 decimal places. Basic Diluted Earnings per share