Ripstick Ltd. earned 2019 net income of $1,590,000 and had 2,010,000 common shares outstanding on January 1, 2019. Ripstick Ltd. issued an additional 300,000 common shares on January 1, 2019. Then on August 1, 2019 Ripstick redeemed 60,000 of its common shares. Total dividends declared and paid in 2019 on the preferred shares amounted to $210,000. Ripstick's tax rate is 15%.

Information about Ripstick's capital structure is as follows: Convertible Preferred shares: 5,000 preferred shares, non-cumulative, 4.2% dividend, each $1,000 preferred share is convertible into 70 common shares. Stock Options: At the beginning of 2019, the CEO of Ripstick had options to acquire 200,000 common shares at an option price of $12/share. Convertible bonds: 5,000 bonds, coupon/interest rate of 2.5%, each $1,000 bond is convertible into 62 common shares.

Required: Calculate basic earnings per share and diluted earnings per share for 2019 assuming the CEO exercised 30,000 of her options on July 1, 2019. During 2019, the average trading price of Ripstick Ltd.'s common stock was $16 per share. Round all EPS calculations to 4 decimals.