The following separate income statements are for Burks Company and its 80 percent-owned subsidiary, Foreman Company:

BurksForemanRevenues$(402,000)$(302,000)Expenses290,000226,000Gain on sale of equipment0(16,000)Equity earnings of subsidiary(53,000)0Net income$(165,000)$(92,000)Outstanding common shares50,00040,000

The following separate income statements are for Burks Company and its 30 percentowned subsidiary, Foreman Company: r Burks Foreman Revenues $ (402.000) $ (302.000) Expenses 290.000 226.000 Gain on sale of equipment 0 (16.000) Equity earnings of subsidiary {53.0001 0 Net income $ (165.000) $ (92.000) Outstanding common shares 50.000 40.000 Additional Information - Amortization expense resulting from Foreman's excess acquisition-date fair value is 322.000 per yeah - Burks has convertible preferred stock outstanding. Each of these 6.000 shares is paid a dividend of $5 per year. Each share can be converted into five shares of common stock. - Stock warrants to buy 10.000 shares of Foreman are also outstanding. For $15. each warrant can be converted into a share of Foreman's common stock. The fair value of this stock is $20 throughout the year. Burks owns none of these warrants. - Foreman has convertible bonds payable that paid interest of $31 .000 (after taxes) during the year. These bonds can be exchanged for 8.500 shares of common stock. Burks holds 10 percent of these bonds. which it bought at book value directly from Foreman. Compute basic and diluted EPS for Burks Company. {Round your Intermediate percentage value and final answer to 2 decimal places.) Earnings Per Share