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On December 31, 2020, Glendale Corporation had 500,000 shares of common stock and 150,000 shares of 6%, noncumulative, nonconvertible preferred stock issued and outstanding Glendale

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On December 31, 2020, Glendale Corporation had 500,000 shares of common stock and 150,000 shares of 6%, noncumulative, nonconvertible preferred stock issued and outstanding Glendale completed the following transactions related to its shareholders' equity during 2021 a Glendale issued a 12% common stock dividend on January 3 b Glendale paid cash dividends of $23,000 and $9,000 to common and preferred shareholders, respectively, on January 11, 2021 c On February 2, 2021, Glendale sold 120,000 common shares d On May 3, Glendale retired 45,000 shares. e. Also, as a part of a 2020 agreement for the acquisition of Delta Studio, another 121,000 shares (already adjusted for the stock dividend) are to be issued to former Delta Studio shareholders on December 31, 2022, if Delta Studio's 2022 net income is at least $1,400,000 In 2021, Delta Studio's net income was $1,408,352 f As part of an incentive compensation plan, Glendale granted 30,000 shares (adjusted for the stock dividend) of incentive stock options to division managers on December 31, 2021 Each option permits its holder to buy TWO shares of common stock at an exercise price of $15 and can be exercised one year from that date. The market price of the common stock averaged $18 per share during 2021 g. On June 24, 2019, Glendale issued $6,000,000 of convertible 8% bonds at face value Each $1,000 bond is convertible into 60 common shares (adjusted for the stock dividend) Glendale's net income for the year ended December 31, 2021, was $733,000. The income tax rate is 25% Required: 1. Please compute Glendale's basic EPS for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Do not round intermediate calculations ) 2. Please compute Glendale's diluted EPS for the year ended December 31, 2021 (Round "Earnings per share" answers to 2 decimal places Do not round intermediate calculations )

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