The information below pertains to Ivanhoe Company for 2018. There were no changes during 2018 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 77, 900 shares of common stock at $20 per share. Compute basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.S5.) Compute diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.)