On January 1, 2018, United Corp. had 200,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account.

February 1 Issued 100,000 shares

March 1 Issued a 40% stock dividend

May 1 Acquired 200,000 shares of treasury stock

June 1 Issued a 1-for-2 stock split

October 1 Issued 10,000 shares

In addition, United Corp. has the following details related to its capital structure:

• 5,000, 10% bonds issued at face value of $1,000 each. Each of the bonds is convertible to 100 common shares. These 20- year bonds were issued on January 1^st 2010 and pay interest annually.
• 3,000, 10%, cumulative preferred stock. Par value is $1,000 each. Dividends were not paid in 2017.
• For 2018, income before income tax expense is $10,000,000. This amount includes a $100,000 interest earned from investing in municipal bonds. No other differences between tax and GAAP.
• Income tax expense for 2018 is $2,970,000

what is:

1. Basic earnings per share for United Corp. for the year ending December 31, 2018

2. Dilutive earnings per share for United Corp. for the year ending December 31, 2018