Sheridan Travel had earnings after taxes of $870,000 in 20XX with 355,000 common shares outstanding. On January 1, 20XY, the firm issued 5,000 new commonshares. There is a 24 percent increase in aftertax earnings resulting from the issue of the new shares.

a.Compute EPS for the year 20XX.(Round the final answer to 2 decimal places.)

EPS$

b.Compute EPS for the year 20XY.(Round the final answer to 2 decimal places.)

EPS$