I am having trouble with the Consolidated EPS.

Punch Manufacturing Corporation owns 80 percent of the common shares of Short Retail Stores. The companies' balance sheets as of December 31, 20X4. were as follows: Punch Manufacturing Short Corporation Retail Stores Assets Cash $ 53,090 33,908 Accounts Receivable 107,098 Inventory 270, 090 135,808 Land 120,098 90, 098 Buildings and Equipment 490, Que 330,098 Less: Accumulated Depreciation (225,090) (125, 090) Investment in Short Retail Stores 132,090 Total Assets $ 947,098 $ 550,908 Liabilities and Equity Accounts Payable $ 127,090 $ 95,090 Bonds Payable 270, 090 Preferred Stock ($10 par value) 290, 090 90, 808 Common Stock: $10 par value 150,098 $5 par value 189,808 Retained Earnings 203, 098 65,909 Total Liabilities and Equity $ 947, 090 550,090 Short Retail's 8 percent preferred stock is convertible into 14,000 shares of common stock, and its 10 percent bonds are convertible into 8,000 shares of common stock. Short reported net income of $50,000 for 20X4 and paid dividends of $30.900. Punch Manufacturing has 11 percent preferred stock and 12 percent bonds outstanding. neither of which is convertible. Punch reported after-tax income, excluding investment income from Short, of $115,000 in 20X4 and paid dividends of $63,000. The companies file separate tax returns and are subject to a 40 percent income tax. Required: Compute basic and diluted EPS for the consolidated entity. (Round your Intermediate calculations and final answers to two decimal places.) Basic eamings per share Diluted earnings per share