Following are separate income statements for Amarillo, Incorporated, and its $80$ percent$$owned subsidiary, Saltillo Corporation as well as a consolidated statement for the business combination as a whole $($credit balances indicated by parentheses$).$

Accounts Amarillo Saltillo Consolidated

Revenues $ $(720,000)$ $ $(520,000)$ $ $(1,240,000)$

Cost of goods sold $420,000280,000700,000$

Operating expenses $120,00090,000235,000$

Equity in earnings of Saltillo $(100,000)00$

Individual company net income $ $(280,000)$ $ $(150,000)0$

Consolidated net income $ $(305,000)$

Noncontrolling interest in consolidated net income $(25,000)$

Consolidated net income attributable to Amarillo $ $(280,000)$

Additional Information

Annual excess fair over book value amortization of $$25,000$ resulted from the acquisition.

The parent applies the equity method to this investment.

Amarillo has $60,000$ shares of common stock and $8,000$ shares of preferred stock outstanding. Owners of the preferred stock are paid an annual dividend of $$20,000,$ and each share can be exchanged for two shares of common stock.

Saltillo has $31,000$ shares of common stock outstanding.

Saltillo has convertible bonds outstanding, none of which Amarillo owned. During the current year, total interest expense $($net of taxes$)$ was $$32,000.$ These bonds can be exchanged for $11,000$ shares of the subsidiary$$s common stock.

Required:

Determine Amarillo$$s basic and diluted EPS.

Note: Round your intermediate percentage value to $1$ decimal place. Round your final answers to $2$ decimal places.