Presented below is information related to Starr Company.

1.		Net Income [including a discontinued operations gain (net of tax) of $80,000]				$256,500
2.		Capital Structure
		a.		Cumulative 5% preferred stock, $100 par, 6,500 shares issued and outstanding		$650,000
		b.		$10 par common stock, 74,000 shares outstanding on January 1. On April 1, 40,000 shares were issued for cash. On October 1, 16,000shares were purchased and retired.		$1,000,000
		c.		On January 2 of the current year, Starr purchased Oslo Corporation. One of the terms of the purchase was that if Oslo net income for the following year is $244,000 or more, 60,000 additional shares would be issued to Oslo stockholders next year. Oslos net income for the current year was $2,600,000.
3.		Other Information
		a.		Average market price per share of common stock during entire year		$30
		b.		Income tax rate 30%

1. Compute weighted average shares outstanding.

Weighted average shares outstanding =

2. Compute earnings per share for the current year. (Round answers to 2 decimal places, e.g. 52.75.)

Basic earnings per share =		$
Diluted earnings per share =		$