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