On December 31, 2020, Broadway Theatre Productions had 500,000 shares of common stock outstanding. On April 1, 2021, Broadway purchased and retired 42,000 shares of its outstanding common stock. Broadway issued a 10% common stock dividend on August 1, 2021. Broadway issued (sold) 18,000 common shares on October 31, 2021. Net income for the year ended December 31, 2021, was $985,000 and the tax rate was 21%. In addition to the common stock, Broadway has outstanding (as of 12/31/2021):

Convertible preferred stock -> 35,000 cumulative preferred shares of 8%, $10 par convertible into 7,000 common shares;

Convertible bonds -> 9%, $1,200,000 face value convertible into 75,000 common shares;

Incentive Stock Options -> A total of 3,000 incentive stock options were granted in 2016 to key employees. The options were exercisable only after 2020 for 3,000 common shares at an exercise price of $25 per share. The average market price of the common shares during 2021 was $30 per share. The stock options were exercised on October 1, 2021.

Required -> Compute Broadways basic AND diluted EPS for the year ended December 31, 2021.