Company XYZ reported after- tax profit 6,750,000 million in 20x5. Its capital structure included the following as of December 31, 20x5, the end of the company's fiscal:

Long-term debt: Bonds Payable, due 20x11, 11% 5,500,000 Bonds Payable, due 20x4, 11,000,000 face value, 4% interest payable annually (effective interest rate 9% ) convertible into common shares at the rate of 1 share per $100.00 (balance outstanding at 20x4) 8,190,567 8,393,907

Shareholders Equity: Preferred shares, $4.75, no-par, cumulative, convertible into common shares at the rate of 2 common shares for each preferred share, shares outstanding, 175,000 Preferred shares, $2.75 no-par, cumulative, convertible into common shares at the rate of 1 common share for each preferred share, shares outstanding, 375,000

Common Shares outstanding: 1,550,000

Options to purchase common shares (options have been outstanding all year): Purchase price, $23.00 expire 20x11, 200,000 options Purchase price $47.00 expire 20x14, 170,000 options Each option allows the purchase of 1 share

Transactions during 20x5: On 1 July, 475,000 common shares were issued on the conversion of 237,500 of the $4.75 preferred shares On 1 December, 125,000 common shares were issued for cash. Additional Information: Average common share price, stable during the year, $42.00 Tax Rate 26% Quarterly dividends were declared on 31 March, 30 June, 30 September, and 31 December

Calculate basic and diluted earnings per share for 20x5

" Earnings Available to Common Shares " " Weighted Avg Number of Shares " EPS Basic EPS