Sosa Diet Supplements had earnings after taxes of $620,000 in 20X1 with 386,000 shares of stock outstanding. On January 1, 20X2, the firm issued 56,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 26 percent. a. Compute earnings per share for the year 20X1. (Round your answer to 2 decimal places.).

b. Compute earnings per share for the year 20X2. (Round your answer to 2 decimal places.)