Poppy Corporation owns $60$ percent of Seed Company's common shares. Balance sheet data for the companies on December $31,$

$20$X$2,$ are as follows:

The bonds of Poppy Corporation and Seed Company pay annual interest of $8$ percent and $10$ percent, respectively. Poppy's bonds are

not convertible. Seed's bonds can be converted into $10,000$ shares of its company stock any time after January $1,20$X$1.$ An income tax

rate of $40$ percent is applicable to both companies. Seed reports net income of $$35,000$ for $202$ and pays dividends of $$13,000.$

Poppy reports income from its separate operations of $$53,000$ and pays dividends of $$28,000.$

Required:

Compute basic and diluted EPS for the consolidated entity for $20$X$2.$

Note: Round your answers to $2$ decimal places.

Basic earnings per share

Diluted earnings per share