Riggs Corporation $($a fictional company$)$ has the following balance sheet information at December $31,20$X$2.$

Current liabilities $ $800,000$

Convertible bonds $($$$1,000$ par, $5\%)2,000,000$

Common stock $($$$1$ par, $300,000$ shares issued $300,000$

Additional paid$-$in capital $2,100,000$

Retained earnings $3,230,000$

Treasury stock $(43,000$ shares$)(1,161,000)$

Total liabilities and shareholders$$ equity $ $7,269,000$

The convertible bonds were issued at par in $20$X$0$ and are convertible into Riggs$$s common stock at a ratio of $20$ shares of stock to $1$ bond. In its December $31,20$X$2,$ annual report, Riggs reported $125,000$ exercisable qualified stock options. Each option allows the holder to acquire one share of common stock for $$19$ per share. All of the options were outstanding at the end of $20$X$3.$ On October $1,20$X$3,$ Riggs purchased $32,000$ shares of treasury stock for $$50$ per share. The average market price of the common stock during $20$X$3$ was $$50$ per share, and the December $31,20$X$3,$ price was $$56.$ Riggs$$s net income for the year ended December $31,20$X$3,$ was $$825,000,$ and its tax rate was $21\%.$

Required:

Compute Riggs$$s basic EPS for the year ended December $31,20$X$3.$

Compute Riggs$$s diluted EPS for the year ended December $31,20$X$3.$ There are no antidilutive securities$.$

$($For all requirements, round your answers to $2$ decimal places.$)$