Stanley Department Stores reported net income of $830,000 for the year ended December 31, 2018. Additional Information: Common shares outstanding at Jan. 1, 2018110,000Incentive stock options (vested in 2017) outstanding throughout 201824,000(Each option is exercisable for one common share at an exercise price of $25.00) During the year, the market price of Stanleys common stock averaged $30.0 per share. On Aug. 30 Stanley sold 15,000 common shares. Stanleys only debt consisted of $40,000 of 10% short term bank notes. The companys income tax rate is 40%. Required:Compute Stanleys basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.)