During Y18, Cup Corporation had the following two classes of stock issued and outstanding for the entire year: (1) 100,000 shares of common stock, $1 par (2) 1,000 shares of 4%, cumulative, preferred stock, $100 par, convertible share for share (1 share of preferred for 1 share of common) into common stock. This stock was outstanding all year. Cup's Y18 net income was $900,000, and its income tax rate for the year was 30%. Please compute basic and diluted earnings per share for Y18 for Cup Corporation.