Pittsburgh Aeronautics has 450,000 shares of common stock and 153,000 shares of noncumulative,convertible preferred stock outstanding throughout the year.

Pittsburgh declared $170,000 in dividends on the preferred shares. The preferred stock is convertible into common stock at a rate of one share of preferred stock for each share of common stock. Pittsburgh's net income for the year was $730,000. What are basic and diluted EPS for Pittsburgh Aeronautics