On January 1, 2016, Shamu Corporation had 100,000 shares of common stock outstanding The following transactions occurred during 2016 March 1: Reacquired 3, 500 shares, accounted for as treasury stock September 30: Sold all the treasury shares. December 1: Sold 12, 500 new shares for cash. December 31 Reported a net income of $203, 500. The following transactions occurred during 2017: January 10: Declared and issued a 25% stock dividend December 31: Reported a net income of $273, 800. 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.)