At the beginning of the current year, Kate Company had 500,000 ordinary shares outstanding. On October 1, an additional 100,000 ordinary shares were issued. In addition, the entity had P20,000,000 of 6% convertible bonds outstanding throughout the current year which are convertible into 225,000 ordinary shares. No bonds were converted in the current year.

The net income for the current year was P6,000,000. The tax rate is 30%.

What amount should be reported as basic earnings per share and diluted earnings per share?