Following are separate Income statements for Austin, Inc., and its 80 percent-owned subsidlary, Rlo Grande Corporation as well as a consolidated statement for the business combination as a whole (credit balances Indicated by parentheses). Additional Information - Annual excess falr over book value amortization of $25,000 resulted from the acquisition. - The parent applies the equity method to this investment. - Austin has 56,000 shares of common stock and 6,000 shares of preferred stock outstanding. Owners of the preferred stock are pald an annual dividend of $60,000, and each share can be exchanged for five shares of common stock. - Rlo Grande has 44,000 shares of common stock outstanding. The company also has 9,000 stock warrants outstanding. For $10, each warrant can be converted Into a share of Rlo Grande's common stock. Austin holds half of these warrants. The price of RIo Grande's common stock was $20 per share throughout the year. - Rlo Grande also has convertible bonds, none of which Austin owned. During the current year, total interest expense (net of taxes) was $28,000. These bonds can be exchanged for 19,000 shares of the subsidiary's common stock. Determine Austu's basic and diluted EPS. (Round your intermediate percentage value to 1 decimal place. Round your final answers to 2 decimal places.) Answer is complete but not entirely correct