Alchor, Inc., had 450,000 shares of common stock, issued and outstanding at January 1 . On July 1 , an additional 50,000 shares of common stock were issued for cash. In November, Alchor purchased 12,000 shares of its own stock for $22 each, anticipating an upcoming exercise of options. Alchor had two potentially dilutive securities: a) 20,000 shares of 5% convertible, cumulative $100 par value preferred stock were outstanding all year. Each share of preferred stock is convertibie into four shares of common stock. b) Alchor had $1,000,000 of 6% convertible bonds. Bond interest expense each year is decreased by $1,000 amortization of the premium. Each $1,000 bond is convertible into 30 shares of common stock. Alchor also had unexercised stock options to purchase 40,000 shares of common stock at $15 per share outstanding at the beginning and end of the year. The average market price of Alchor's common stock was $20 during the year. If net income is $1,250,000, and the tax rate is 21\%, what will Alchor report as basic and diluted earnings per share for the year ended December 31