Stanley Department Stores reported net income of $963,000 for the year ended December 31, 2016. Additional Information: Common shares outstanding at Jan. 1, 2016 Incentive stock options (vested in 2015) outstanding throughout 2016 (Each option is exercisable for one common share at an exercise price of $28.50) During the year, the market price of Stanley's common stock averaged $34.2 per share. On Aug. 30 Stanley sold 15,000 common shares Stanley's only debt consisted of $47,000 of 10% short term bank notes. The company's income tax rate is 40% 145,000 36,000 Required Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2016. (Enter your answers in thousands.) Numerator, Denominator = Earnings per Share Basic EPS Diluted EPS