Anderson steel company began 2018 with "440,000 shares" of common stock outstanding. on march 31, 2018, "200,000 new shares" were sold at a price of "$40 per share". the market price has risen steadily since that time to a high of $45 per share at december 31. no other changes in shares occurred during 2018, and no securities are outstanding that can become common stock. however, there are two agreements with officers of the company for future issuance of common stock. both agreements relate to compensation arrangements reached in 2017. the first agreement grants to the company president a right to 20,000 shares of stock each year the closing market price is at least $43. the agreement begins in 2019 and expires in 2022. the second agreement grants to the controller a right to 25,000 shares of stock if she is still with the firm at the end of 2026. net income for 2018 was $3,000,000. compute anderson steel company's basic and diluted eps for the year ended december 31, 2016.