Cambi Company began operations on January 1, 2016

Cambi Company began operations on January 1, 2016. In the second quarter of 2017, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company's interim income statements as originally reported under the LIFO method follow:

 2016 2017 1stQ 2ndQ 3rdQ 4thQ 1stQSales$27,000  $29,000  $31,000  $33,000  $35,000 Cost of goods sold (LIFO) 5,700   6,700   7,500   8,700   10,200 Operating expenses 3,700   3,900   4,300   4,700   4,900 Income before income taxes$17,600  $18,400  $19,200  $19,600  $19,900 Income taxes (40%) 7,040   7,360   7,680   7,840   7,960 Net income$10,560  $11,040  $11,520  $11,760  $11,940 

If the FIFO method had been used since the company began operations, cost of goods sold in each of the previous quarters would have been as follows:

 2016 2017 1stQ 2ndQ 3rdQ 4thQ 1stQCost of goods sold (FIFO)$5,500  $6,300  $6,900  $7,700  $9,100 

Sales for the second quarter of 2017 are $37,000, cost of goods sold under the FIFO method is $10,700, and operating expenses are $5,100. The effective tax rate remains 40 percent. Cambi Company has 1,000 shares of common stock outstanding.

Make schedule showing the calculation of net income and earnings per share that Cambi reports for the three-month period and the six-month period ended June 30, 2017