Great Northern Inc. reported the following comparative information in the Stockholders' Equity section of its 2012 balance sheet.

*Par value after June 1, 2012, stock split.
In addition, company records show that the following transactions involving stockholders' equity were recorded in 2011 and 2012.
2011
May 1 Sold 4,500 shares of common stock for $12, par value $10.
June 30 Sold 350 shares of preferred stock for $62, par value $50.
Aug. 1 Issued an 8% stock dividend on common stock. The market price of the stock was $15.
Sept. 1 Declared cash dividends of 12% on preferred stock and $1.50 on common stock.
Dec. 31 Income before extraordinary items for the year totaled $316,200. In addition, Great Northern had an extraordinary gain of $12,500, net of tax.
2012
Jan. 31 Sold 1,100 shares of common stock for $15.
May 1 Sold 300 shares of preferred stock for $64.
June 1 Issued a 2-for-1 split of common stock, reduced par value to $5.
Sept. 1 Purchased 500 shares of common stock for $9 to be held as treasury stock.
Oct. 1 Declared cash dividends of 12% on preferred stock and $2 per share on outstanding common stock.
Nov. 1 Sold 500 shares of treasury stock for $11.
Dec. 31 Net income for the year included an extraordinary loss, net of income tax, of $19,000.
Instructions:
Compute the basic EPS amounts for 2011 and 2012 to be presented in the income statement for2012.

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December 31, 2012 2011 2010 12% preferred stock, $50 par Paid-in capital in excess of par preferred Common stock, $5 par Paid-in capital in excess of par common Paid-in capital from treasury stock Retained earnings $ 82,500 67,500 50,000 5,000 325,000 35,000 800 80,200 13.400 410.600 64,300 ,800 471,200 $1,043,800 9.200 399.600 58,800 800 396,460 Total stockholders' equity