Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2021.

Additional Information:

Common shares outstanding at Jan. 1, 202175,000Incentive stock options (vested in 2020) outstanding throughout 202112,000(Each option is exercisable for one common share at an exercise price of $22.00)During the year, the market price of Stanley's common stock averaged $26.40 per share.On Aug. 30, Stanley sold 15,000 common shares.Stanley's only debt consisted of $34,000 of 10% short-term bank notes.The company's income tax rate is 25%.

Required:

Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021.(Enter your answers in thousands. Do not round intermediate calculations)