Information concerning the capital structure of the Petrock Corporation is as follows: During 20X1, Petrock paid dividends of $1 per share on its common stock and $2.40 per share on its preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 8% convertible bonds are convertible into 30,000 shares of common stock. The net income for the year ending December 31,201, was $285,000, and the company's income tax rate was 21%. Required: 1. What was basic EPS for 201 ? 2. What was diluted EPS for 201 ? (For all requirements, round your answers for "Earnings per share" to 2 decimal places.)