On January 1, 2016, Shamu Corporation had 100,000 shares of common stock outstanding. The following transactions occurred during 2016: March 1: Reacquired 3,800 shares, accounted for as treasury stock. September 30: Sold all the treasury shares. December 1: Sold 12,800 new shares for cash. December 31 Reported a net income of $206,500. The following transactions occurred during 2017: January 10: Declared and issued a 30% stock dividend. December 31: Reported a net income of $276,800. Required: Calculate Shamu's basic earnings per share for both years for presentation in comparative financial statements that will be prepared at the end of 2017. (Round your answers to 2 decimal places.)