Ashante Sports Collections Ltd. (ASCL) ended 20X5 with 760,000 common shares outstanding, after issuing 215,000 common shares for cash on 31 December. The tax rate is 40%. There were no other common share transactions during the period. Net earnings were $1,330,000. The following elements are part of ASCLs capital structure:

1. ASCL had $5,300,000 (par value) of 6% bonds payable outstanding during the year. The bonds are convertible into 80 common shares for each $1,000 bond. Bond interest expense was $406,000 for the year.
2. ASCL had 43,000 options outstanding throughout 20X5 to purchase 150,000 common shares for $6 per share. The average share price during the year was $18. The options were not exercisable until 20X0.
3. ASCL had 73,000, $1.55 preferred shares outstanding. The shares were cumulative. No dividends were declared in 20X6. The shares were convertible into 53,000 common shares.
4. ASCL had a contingent share agreement outstanding to issue 53,000 common shares to the prior shareholders of a company that ASCL had acquired in 20X2. The shares become issuable if the acquired companys operations accumulate $5,300,000 of post-acquisition earnings before the end of 20X8. Earnings have been $3,530,000, to date, and the target is expected to be met in 20X7.
5. ASCL had $8,300,000 (par value) of 5% bonds payable, issued on 31 March 20X5. The bonds are convertible into 40 common shares for each $1,000 bond. Bond interest expense was $287,250 for the 8 months of the year that the bond was outstanding

Required: Compute basic and diluted EPS for 20X5