The following information relates to Willowdale Ltd.s financial statements for the year ended 31 December 20X6: On 1 January 20X6, Willowdales capital structure consisted of the following: 453,000 common shares, issued for $5.77 million, were outstanding. 53,000 preferred shares bearing cumulative dividend rights of $8 per year. $1.03 million (par value) of 5% convertible bonds ($1,000 face value), with interest payable on 30 June and 31 December of each year. Each $1,000 bond is convertible into 55 common shares, at the option of the holder, at any time before 31 December 20X11. Interest expensed on the convertible bonds was $81,500. Outstanding options for 51,500 common shares at a price of $8 per share. The average market value of common shares during the period was $20. On 30 September 20X6, Willowdale issued an additional 103,000 common shares for $1.53 million cash. Willowdale reported earnings of $1.80 million for the year ended 31 December 20X6 net of tax of 25%. Required: Calculate the basic and diluted earnings per share figures for 20X6. (Round your answers to 2 decimal places.)

	20X6
Basic earnings per share
Diluted earnings per share