Punch Manufacturing Corporation owns 80 percent of the common shares of Short Retail Stores. The companies' balance sheets as of December 31, 20X4, were as follows: Short Retail's 8 percent preferred stock is convertible into 15,000 shares of common stock, and its 10 percent bonds are convertible into 8,000 shares of common stock Short reported net income of $50,200 for 204 and poid dividends of $30,800 Punch Manufacturing hos 11 percent preterred stock ond 12 percent bonds outstanding, neither of which is convertible. Punch reported ater-tax income, excluding investment income from 5 hort of $115,000 in 204 and poid dividends of $65.000. The companies file seporote tax returns and are subject to a 40 percent income tax Required: Compute basic and diluted EPS for the consolidoted entity (Round your Zntermediate calculations and final answers to two decimal places.)