• Brafry Ltd has 200,000 ordinary shares, 40,000 nonvoting preference shares paying dividends of $5.00 per share. Each preference share is convertible into two ordinary shares. Brafry Ltd has 60, $1,000, 6% bonds issued at par each convertible into 100 ordinary shares.
• Brafry Ltd owns 90% of Cetford Ltds 40,000 ordinary shares and 85% of the 3,000 preferred shares paying dividend of $12,000 per annum and convertible into two ordinary shares.
• The net income before interest of Brafry Ltd and Cetford Ltd was $1,200,000 and $200,000 respectively for the year ended December 31, 2020. Assume there are no taxes.

Calculate the consolidated basic EPS and diluted EPS for the year ended December 31, 2020.