Poison Corporation holds 70 percent of Snake Companys voting common shares but none of its preferred shares. Summary balance sheets for the companies on December 31, 20X1, are as follows:

	Poison Corporation					Snake Company
Assets
Cash		$	20,000				$	29,000
Accounts Receivable			32,000					42,000
Inventory			120,000					74,000
Buildings and Equipment			295,000					215,000
Less: Accumulated Depreciation			(138,000	)				(63,000	)
Investment in Snake Company			123,900
Total Assets		$	452,900				$	297,000
Liabilities and Owners Equity
Accounts Payable		$	77,900				$	64,000
Wages Payable			40,000
Preferred Stock			100,000					56,000
Common Stock ($10 par value)			120,000					100,000
Retained Earnings			115,000					77,000
Total Liabilities and Owners Equity		$	452,900				$	297,000

Neither of the preferred issues is convertible. Poisons preferred pays a 9 percent annual dividend and Snakes preferred pays a 10 percent dividend. Snake reported net income of $48,000 and paid a total of $20,000 of dividends in 20X1. Poison reported $62,000 of income from its separate operations and paid total dividends of $46,000 in 20X1. Required: Compute 20X1 consolidated EPS. Ignore any tax consequences. (Round your answer to 2 decimal places.)