Curse of the Bambino Entertainment (CotBE) had the following securities outstanding and other information for 2017:

Preferred Stock:

Issue A Preferred Stock, cumulative and nonconvertible, 4%, $100 par: Dividend payments are in arrears for three (3) years. $1,000,000

Issue B Preferred Stock, non-cumulative and convertible, 5%, $100 par Conversion rate is 4 common shares for every preferred share. $4,000,000

Common Stock:

Class A Common Stock, $1 par, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding at January 1, 2017. $1,000,000

-Issued 30,000 shares on March 1, 2017

-Repurchased 150,000 shares on April 1, 2017

-Repurchased 60,000 shares on July 1, 2017

- Sold 90,000 of repurchased (treasury) shares on September 1, 2017

Stock Warrants - warrants are exchangeable for 100,000 common shares. The warrants were issued on October 1, 2016 and have a $16 exercise price per warrant.

Stock Options - CotBE's issued 100,000 stock options to key executives on January 1, 2017 which vest on December 31, 2019 and have an exercise price of $18 per option.

Convertible Bonds - 6% Convertible Bonds of $6,000,000 were sold at par value on July 1, 2017. Each $1,000 of bond is convertible into 120 shares of common stock.

Other Information:

• Net Income for 2017 was $1,600,000
• Income Tax Rate was 25% for 2017
• CotBE's declared and paid a cash dividend of $200,000 on common stock during 2017.
• The average market price per share during 2017 was $20.

• Required - Calculate CotBE's Basic and Diluted EPS for the year ended December 31, 2017, show all calculations.