Following are separate income statements for Austin, Inc and its 90 percent owned subsidiary, Rio Grande Corporation as well as a consolidated statement for the business combination as a whole. Additional Information Annual excess fair over book value amortization of S41,000 resulted from the acquisition. The parent applies the equity method to this investment. Austin has 65,000 shares of common stock and 10,000 shares of preferred stock outstanding Owners of the preferred stock are paid an annual dividend of $50,000 and each share can be exchanged for four shares of common stock. Rio Grande has 40,000 shares of common stock outstanding. The company also has 10 000 stock warrants outstanding. For $10, each warrant can be converted into a share of Rio 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 Rio Grande also has convertible bonds none of which Austin owned During the current year total interest expense (net of taxes) was $41,000 These bonds can be exchanged for 25,000 shares of the subsidiary's common stock Determine Austin's basic and diluted EPS (Round your final answers to 2 decimal places.)