Poppy Corporation owns 60 percent of Seed Companys common shares. Balance sheet data for the companies on December 31, 20X2, are as follows:

	Poppy Corporation	Seed Company
Assets
Cash	$ 89,000	$ 38,000
Accounts Receivable	80,000	59,000
Inventory	119,000	100,000
Buildings and Equipment	700,000	90,000
Less: Accumulated Depreciation	(235,000)	(78,000)
Investment in Seed Company Stock	150,000
Total Assets	$ 903,000	$ 469,000
Liabilities and Owners Equity
Accounts Payable	$ 128,000	$ 19,000
Bonds Payable	250,000	200,000
Common Stock ($10 par value)	300,000	100,000
Retained Earnings	225,000	150,000
Total Liabilities and Owners Equity	$ 903,000	$ 469,000

The bonds of Poppy Corporation and Seed Company pay annual interest of 8 percent and 10 percent, respectively. Poppys bonds are not convertible. Seeds bonds can be converted into 10,000 shares of its company stock any time after January 1, 20X1. An income tax rate of 40 percent is applicable to both companies. Seed reports net income of $34,000 for 20X2 and pays dividends of $14,000. Poppy reports income from its separate operations of $55,000 and pays dividends of $24,000.

Required:

Compute basic and diluted EPS for the consolidated entity for 20X2.