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Plug Corporation holds 8 0 percent of Socket Company's common stock. The following balance sheet data are presented for December 3 1 , 2 0

Plug Corporation holds 80 percent of Socket Company's common stock. The following balance sheet data are presented for December 31,207 :
Socket reported net income of $117,000 in 207 and paid dividends of $60,000. Its bonds have an annual interest rate of 8 percent and are convertible into 34,000 common shares. Its preferred shares pay an 11 percent annual dividend and convert into 18,000 shares of common stock. In addition, Socket has warrants outstanding for 10,000 shares of common stock at $8 per share. The 207 average price of Socket common shares was $40.
Plug reported income of $330,000 from its own operations for 207 and paid dividends of $205,000. Its 10 percent bonds convert into 27,000 shares of its common stock. The companies file separate tax returns and are subject to income taxes of 40 percent.
Required:
Compute basic and diluted EPS for the consolidated entity for 207.
Note: Round your intermedlate calculations and final answers to two decimal places.
\table[[Basic earnings per share,],[Diluted earnings per share,]]
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