Following are separate income statements for Austin, Inc., and its 80 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 $47,000 resulted from the acquisition. The parent applies the equity method to this investment. Austin has 72,000 shares of common stock and 14,000 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 three shares of common stock. Rio Grande has 37,000 shares of common stock outstanding. The company also has 10,000 stock warrants outstanding. For $20, 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 S25 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 $44,000. These bonds can be exchanged for 17,000 shares of the subsidiary's common stock. Determine Austin's basic and diluted EPS