JCR Co. reported $770,000 in net income and its weighted average shares outstanding for the year is 100,000 shares. In prior years it sold $1,000,000 of 8% long-term convertible bonds at par which are still outstanding. The bonds are convertible into 20,000 shares of common stock. The tax rate for all years is 40%. If JCR Co. has no other potentially dilutive securities and no preferred stock, and no conversions occur during the year, what are basic and diluted EPS?