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

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 2019:

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