The following information are for PARENT: Net Income = $300,000 Common Shares Outstanding = 60,000 Shares There are also outstanding convertible preferred shares that are promised $30,000 dividends payment each year, OR they can choose to convert into 15,000 common shares.

The following information are for SUBSIDIARY Net Income = $100,000 Common Shares Outstanding = 50,000 Shares Parent owns 70% of all subsidiary's common shares outstanding There are also outstanding convertible bonds. Currently the subsidiary incurs $20,000 in interest expense after tax each year, and that will continue unless the bondholders choose to convert the bonds into 10,000 common shares. Compute DILUTED EARNINGS PER SHARE (EPS) for the PARENT. Provide your answer with two decimal points. You must show your work to receive full credit.