Plug Corporation holds 80 percent of Socket Companys common stock. The following balance sheet data are presented for December 31, 20X7:

	Plug Corporation					Socket Company
Assets
Cash		$	103,000				$	93,000
Accounts Receivable			158,000					228,000
Inventory			310,000					310,000
Land			97,000					320,000
Buildings and Equipment			2,250,000					930,000
Less: Accumulated Depreciation			(830,000	)				(260,000	)
Investment in Socket Company			632,000
Total Assets		$	2,720,000				$	1,621,000
Liabilities and Equities
Accounts Payable		$	290,000				$	151,000
Bonds Payable			760,000					500,000
Preferred Stock ($100 par value)								180,000
Common Stock ($10 par value)			1,000,000					400,000
Retained Earnings			670,000					390,000
Total Liabilities and Equities		$	2,720,000				$	1,621,000

Socket reported net income of $124,000 in 20X7 and paid dividends of $69,000. Its bonds have an annual interest rate of 8 percent and are convertible into 33,000 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 20X7 average price of Socket common shares was $40. Plug reported income of $340,000 from its own operations for 20X7 and paid dividends of $240,000. Its 10 percent bonds convert into 29,000 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 20X7. (Round your intermediate calculations and final answers to two decimal places.)