On January 1, 2012, Peanut Corporation acquires an 80% interest in Sunny Corporation. Information regarding the income and equity structure of the two companies as of the year ended December 31, 2014, is as follows: Peanut Corp. Sunny Corp. Internally generated net income $55,000 $56,000 Common shares outstanding during the year 20,000 12,000 Warrants to acquire Peanut stock, outstanding during the year 2,000 1,000 5% convertible (into Sunnys shares) $100 par preferred shares Outstanding during the year 800 Nonconvertible preferred shares outstanding 1,000 Additional information is as follows: a) The warrants to acquire Peanut stock are issued in 2013. Each warrant can be exchanged for one share of Peanut common stock at an exercise price of $12 per share. b) Each share of convertible preferred stock can be converted into two shares of Sunny common stock. The preferred stock pays an annual dividend totaling $4,000. Peanut owns 60% of the convertible preferred stock. c) The nonconvertible preferred stock is issued on July 1, 2014, and pays a 6-month dividend totaling $500. d) Relevant market prices per share of Peanut common stock during 2014 are as follows: Average First quarter $10 Second quarter 12 Third quarter 13 Fourth quarter 16 Compute the basic and diluted consolidated EPS for the year ended December 31, 2014. Use quarterly share averaging