1. On 01-01-15, J had 800,000 shares of common stock issued and outstanding. The following occurred during 2015:

• On March 31, J issued 120,000 shares of its common stock.
• On August 1, J declared and distributed a 5% stock dividend.
• On October 1, J reacquired 24,000 shares of its common stock.
• On December 1, J reissued 6,000 shares of its treasury stock.

Js net income for 2015 was $12,000,000. During 2015 H paid no dividends. Hs income tax rate is 20%.

• As of 12-31-15, H had $6,000,000 of 4%, 10-year convertible bonds outstanding. H issued the bonds at par during 2011. The bonds can be converted into 30,000 shares of Hs common stock.
• As of 12-31-14, H had $5,000,000 of 8%, 30-year convertible bonds. H issued the bonds at par during 1992. The bonds can be converted into 15,000 shares of Hs common stock.
• As of 12-31-14, H had $10,000,000 of 10%, 40-year convertible bonds. H issued the bonds at par during 1986. The bonds can be converted into 800,000 shares of Hs common stock.
• During the entire year ending 12-31-14, H had 250,000 outstanding and exercisable employee stock options that were granted to employees during 2013. Each option has an exercise price of $60 per share of H common stock. During 2014, the average market price of Hs common stock was $50 per share.
• During the entire year ending 12-31-14, H had 200,000 outstanding and exercisable employee stock options that were granted to employees during 2010. Each option has an exercise price of $32 per share of H common stock.

What will H report as basic EPS for the year ended 12-31-14? ROUND TO NEAREST PENNY.

What will H report as diluted EPS for the year ended 12-31-14? ROUND TO NEAREST PENNY.