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 Rio Grande Consolidated $ (1,230,000) 712,000 201,000 Austin Revenues Cost of goods sold Operating expenses Equity in earnings of Rio Grande Individual company net income Consolidated net income $ (718,000) 406,000 104,000 90,000 $ (298,000) $ (512,00e) 306,000 76,000 $ (130,000) Noncontrolling interest in consolidated net income Consolidated net income attributable to Austin $(317,000) 19,000 $ (298,000) Additional Information . Annual excess fair over book value amortization of $26,000 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 paid an annual dividend of $60,000, and each share can be exchanged for five shares of common stock . Rio 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 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 $28,000. These bonds can be exchanged for 19,000 shares of the subsidiary's common stock Determine Austin's basic and diluted EPS. (Round your final answers to 2 decimal places.) Earnings Per Share Basic Diluted