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During the whole year of 2 0 2 4 , Sanchez, Inc. had the following convertible securities outstanding: ( 1 ) . $ 3 3

During the whole year of 2024, Sanchez, Inc. had the following convertible securities outstanding:
(1). $330,000 par value of 10%(dividend rate), $150 par value per share, 2,200 shares outstanding, noncumulative preferred stock. Each share is convertible into 5 shares of common stock. Dividends of $33,000 to preferred stock were declared for current year.
(2). $300,000 of 9.5% convertible bonds issued at par. Interest expense for the bonds is $28,500. These bonds can be convertible into 9,000 shares of common stock.
(3). $150,000 of 8% convertible bonds issued at par. Interest expense for the bonds is $12,000. These bonds can be convertible into 3,200 shares of common stock.
In addition, Sanchez, Inc. had the unexercised compensatory share options to purchase 30,000 shares of common stock at exercise price $22.50 per share were outstanding at the beginning and end of 2024. The average market price of common stock was $36 per share during 2024. The unexpensed compendation cost for the share options is $27,000.
Sanchez, Inc. has an income tax rate of 30%. Its reported net income for 2024 was $322,500, and it had 90,000 shares of weighted average common stock outstanding for the year.
Required: (please round EPS to two decimals)
Calculate Basic Earings Per Share and Diluted Earings Per Share for the company.
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