Following are separate income statements for Austin, Inc, and its 80 percent-owned subsidiary, Rio Grande Corporation as well as a consoldated statement for the business combination as a whole (credit balances indicated by parentheses). Additional Information - Annual excess tair over book value amortization of $25,000 resulted from the acquisition. - The parent applies the equity method to this investment. - Austin has 52,000 shares of common stock and 9,000 shares of preferred stock outstanding. Owners of the preterred stock ale phid an annual dividend of $50,000, and each share can be exchanged for five shares of common stock: - Rio Grande has 34,000 shares of common stock outstanding. The company also has 16,000 stock warrants outstanding. For $15; each warrant can be comverted into a share of Rio Grande's common stock. Austin hoids half of these warrants. The price of Rio Grande's common stock was $20 per share throughout the yeat. - Rio Grande also has convertble bonds, none of which Austin owned During the current year, total interest expense (net of taxes) was $29,000. These bonds can be exchanged for 22,000 shares of the subsidiary's common stock. Determine Austin's basic and diluted EPS. (Round your intermediate percentage value to 1 decimal place. Round your final anawers to 2 decimal places.)