The Eastwind Corp had 20,000 shares of common stock outstanding beginning 2016. Eastwind issued 6,000 additional common shares at the beginning of April. They also had 2,500 shares of 6%, $100 par preferred stock that was issued in 2012 for $110 per share. Each share of preferred is convertible into five shares of common. The $5 per share common and the annual preferred dividends have been declared and paid for the current year. At the end of December 2016, Eastwind also had outstanding $300,000 in 8% ten-year convertible debentures that were sold at 90 in 2012. Each bond is convertible into fifteen shares of common, and any discounts or premiums are amortized using the straight-line method. In addition, Eastwind has outstanding at the end of the fiscal year options to purchase 5,000 shares of common stock at $10 per share. In 2016, the average price of the common stock was $25 and the ending price was $35. The corporations 2016 net income is $100,000 and its tax rate is 40%. Compute basic and diluted EPS for Eastwind in 2016 according to GAAP.