Mighty Corporation holds 80 percent of Longfellow Companys common stock. The following balance sheet data are presented for December 31, 20X7:

	Mighty Corporation				Longfellow Company
Assets
Cash		$	105,000			$	95,000
Accounts Receivable			160,000				230,000
Inventory			300,000				300,000
Land			93,000				330,000
Buildings & Equipment			2,250,000				920,000
Less: Accumulated Depreciation			(830,000	)			(265,000	)
Investment in Longfellow Company Stock			616,000
Total Assets		$	2,694,000			$	1,610,000
Liabilities & Equities
Accounts Payable		$	244,000			$	120,000
Bonds Payable			790,000				500,000
Preferred Stock ($100 par value)							220,000
Common Stock ($10 par value)			1,000,000				400,000
Retained Earnings			660,000				370,000
Total Liabilities & Equities		$	2,694,000			$	1,610,000

Longfellow reported net income of $120,000 in 20X7 and paid dividends of $69,000. Its bonds have an annual interest rate of 8 percent and are convertible into 34,000 common shares. Its preferred shares pay an 11 percent annual dividend and convert into 22,000 shares of common stock. In addition, Longfellow has warrants outstanding for 10,000 shares of common stock at $8 per share. The 20X7 average price of Longfellow common shares was $40.

Mighty reported income of $320,000 from its own operations for 20X7 and paid dividends of $240,000. Its 10 percent bonds convert into 29,000 shares of its common stock. The companies file separate tax returns and are subject to income taxes of 40 percent.

Required:

Compute basic and diluted EPS for the consolidated entity for 20X7. (Round your intermediate calculations and final answers to two decimal places.)