On January 1, 2021, Johannesson&Johannesson had 700,000 common shares ($1 par) outstanding. These were originally sold for $25 per share, and 5,000 shares of 10% cumulative preferred stock ($100 per), convertible into 50,000 common shares. On October 1, 2021, Johannesson&Johannesson issued and sold an additional 12.000 shares of common stock at $37. At December 31, 2021, there were 22,000 Incentive stock options outstanding, issued in 2020, and exercisable after one year for 22,000 shares of common stock at an exercise price of $34. The market price of the common stock at year-end was $52. During the year, the price of the common shares had averaged $44. Net income was $840,000. The tax rate for the year was 25%. Your task: Please compute both the basic and the diluted EPS for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in thousands.) Basic Diluted