Pagle Corporation holds $80$ percent of Standard Company's common shares. The companies report the following balance sheet data

for December $31,20$X$1$:

An $8$ percent annual dividend is paid on the Pagle preferred stock and a $12$ percent dividend is paid on the Standard preferred stock.

Pagle's preferred shares are not convertible. Standard's preferred shares can be converted into $15,000$ shares of common stock at any

time. For $201,$ Standard reports $$47,000$ of net income and pays total dividends of $$29,000,$ and Pagle reports $$64,000$ of income

from its separate operations and pays total dividends of $$42,000.$

Required:

Compute basic and diluted EPS for the consolidated entity for $20$X$1.$

Note: Round your answers to $2$ decimal places.

Basic earnings per share

Diluted earnings per share