On December 31, 2017, Brisbane Company had 100,000 shares of common stock outstanding and 27,000 shares of 6%, $50 par, cumulative preferred stock outstanding. On February 28, 2018, Brisbane purchased 21,000 shares of common stock on the open market as treasury stock paying $37 per share. Brisbane sold 5,700 treasury shares on September 30, 2018, for $42 per share. Net income for 2018 was $177,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 47,000 common shares at $37. The market price of the common shares averaged $47 during 2018. Required: Compute Brisbane's basic and diluted earnings per share for 2018. (Round your answers to 2 decimal places.) 04 Earnings per share Basic Diluted