On January 1, 2018, Shamu Corporation had 100,000 shares of common stock outstanding. The following transactions occurred during 2018:

March		1:		Reacquired 3,600 shares, accounted for as treasury stock.
September		30:		Sold all the treasury shares.
December		1:		Sold 12,600 new shares for cash.
December		31:		Reported a net income of $204,500.

The following transactions occurred during 2019:

January		10:		Declared and issued a 30% stock dividend.
December		31:		Reported a net income of $274,800.

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 2019. (Round your answers to 2 decimal places.)

2018 2019 Earnings per share 1.59 S 1.89