On 01-01-20, Fred had 4,800,000 shares of $1 par value common stock outstanding. On 07-31-20, Fred issued 720,000 shares of its common stock. Fred's net income for the year ended 12-31-20 was $10,050,000 while Fred's income tax rate during 2020 was 24%. During 2020, Fred declared and paid $2 of cash dividends on its common stock. As of 12-31-20, Fred had $40,000,000 of 4%, 10-year convertible bonds. Fred issued the bonds at par during 2017. The bonds can be converted into 400,000 shares of Fred's common stock. Throughout 2020, Fred had 240,000 outstanding employee stock options. Each option had an exercise price of $25 per share of Fred common stock. During the year ended 12-31-20, the average market price of Fred's common stock was $21 per share. What will Fred report as its basic earnings per share for the year ended 12-31-20? What will Fred report as its diluted earnings per share for the year ended 12-31-20?