1. Plymouth Company holds a 90% interest in Savannah, Inc., which was acquired in a previous year. As of the end of the current fiscal period, the following information is available:

	Plymouth	Savannah
	Company	Inc.
Internally generated net income	$80,000	$60,000
Weighted average common shares outstanding	25,000	12,000
Warrants to acquire subs common stock:
Held by unaffiliated investors		2,000
Warrants to acquire parents common stock:
Held by Savannah	1,000
Held by unaffiliated investors	2,000
Preferred shares 5% convertible, par $100		1,000
Preferred shares 10% nonconvertible, par $2	5,000

Additional information:

	The warrants to acquire Savannah stock were issued July 1 of the current year. Exercise price is $9; stock price is $12.
	The warrants to acquire Plymouth stock were issued in a previous fiscal period. Exercise price is $12; stock price is $18.
	Each share of convertible preferred can be converted into 5 shares of Savannah common stock. Plymouth owns 60% of the convertible preferred stock.

Required:

Compute consolidated basic and diluted earnings per share for the current year. Ignore any tax effects.