Preferred shares with dividend of $5 per share, noncumulative, convertible

into common shares at the rate of three common shares for each share of

preferred; 2,000 shares outstanding all year

$200,000

Common shares, 20,000 shares outstanding on January 1; 10,000 additional

shares issued for cash on September 1; 2 for 1 Stock split recorded on

October 1

$2,000,000

Income from continuing operations

200,000

Income from discontinued operations - 10,000

net income - 210,000

calculate basic and diluted EPS?