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:

	Punch Manufacturing Corporation					Short Retail Stores
Assets
Cash		$	53,000				$	33,000
Accounts Receivable			107,000					87,000
Inventory			260,000					130,000
Land			115,000					85,000
Buildings and Equipment			510,000					330,000
Less: Accumulated Depreciation			(240,000	)				(120,000	)
Investment in Short Retail Stores			124,000
Total Assets		$	929,000				$	545,000
Liabilities and Equity
Accounts Payable		$	69,000				$	90,000
Bonds Payable			300,000					200,000
Preferred Stock ($10 par value)			200,000					100,000
Common Stock:
$10 par value			150,000
$5 par value								100,000
Retained Earnings			210,000					55,000
Total Liabilities and Equity		$	929,000				$	545,000

Short Retails 8 percent preferred stock is convertible into 14,000 shares of common stock, and its 10 percent bonds are convertible into 8,000 shares of common stock. Short reported net income of $51,000 for 20X4 and paid dividends of $30,200. Punch Manufacturing has 11 percent preferred stock and 12 percent bonds outstanding, neither of which is convertible. Punch reported after-tax income, excluding investment income from Short, of $110,000 in 20X4 and paid dividends of $66,000. The companies file separate tax returns and are subject to a 40 percent income tax. Required: Compute basic and diluted EPS for the consolidated entity. (Round your intermediate calculations and final answers to two decimal places.)

Please help me calculate the below

Basic earnings per share	XXX
Diluted earnings per share	XXX