Parent Corporation owns all 30,000 shares of the common stock of Subsid, Inc. Parent has 60,000 shares of its own common stock outstanding. In 2009, Parent earns income (without any consider¬ ation of its investment in Subsid) of $150,000 while Subsid reports $130,000. Annual amortization of $10,000 is recognized each year on the consolidation worksheet based on allocations within the original purchase price. Both companies have convertible bonds outstanding. During 2009, interest expense (net of taxes) is $32,000 for Parent and $24,000 for Subsid. Parent’s bonds can be con¬ verted into 10,000 shares of common stock; Subsid’s bonds can be converted into 12,000 shares. Parent owns 20 percent of Subsid’s bonds (bought directly from Subsid). What are the basic and diluted earnings per share for this business combination? LO4