Bolshevik Ltd.’s statement of financial position at 31 December 20X2 reported the following:

Additional information:
a. 50,000 common shares were issued at $50 on 1 July 20X2.
b. Common share options are outstanding, entitling holders to acquire 150,000 common shares at $9 per share.
c. Interest expense on the convertible bonds was $420,000 in 20X2.
d. Income tax rate is 25%.
e. The average common share price over the year was $11.
f. Earnings from continuing operations for 20X2 was $250,000, after tax; the company had a loss on a discontinued operation of $200,000, net of income tax effects.

Required:
Compute the EPS amount(s) that Bolshevik Ltd. should report for 20X2.

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Long-term notes payable, 6%, due in 20X9 Bonds payable, par value $10,000,000, 5%, each $1,000 of face value is convertible into 30 common shares; bonds mature in 20X13, net of discount Common stock conversion rights Common shares, voting, 950,000 shares outstanding 4,000,000 8,200,000 590,000 26,000,000