Company P has internally generated net income of $250,000 (excludes share of subsidiary income). Company P has

Question:

Company P has internally generated net income of $250,000 (excludes share of subsidiary income). Company P has 100,000 shares of outstanding common stock. Subsidiary Company S has a net income of $60,000 and 40,000 shares of outstanding common stock. What is consolidated basic EPS, if:
a. Company P owns 100% of the Company S shares?
b. Company P owns 80% of the Company S shares?