Information for Camp Co:

	12/31/2016	12/31/2015
Common shares Outstanding	100,000	100,000
Convertible preferred stock [$10 Par Value; convertible into 32,000 shares of common stock]	$120,000	$120,000
10% Convertible bonds (convertible into 30,000 shares of common stock)	$1,000,000	$1,000,000

Camps net income for the year ended 12/31/16 is $500,000. The income tax rate is 40%. The preferred stock is cumulative and pays dividends of $8 per share. However, no preferred dividends were paid on the preferred stock during 2016. There were no actual conversions of preferred stock or bonds during the year. Both the Convertible Preferred stock and Convertible Bonds were issued at Par Value.

Required: Compute Basic and Diluted EPS for the year ended 12/31/2016.