The Skysong Corporation issued 10-year, $4,760,000 par, 8% callable convertible subordinated debentures on January 2,2025 . The bonds have a par value of $1,000, with interest payable annually. The current conversion ratio is 14:1, and in 2 years it will increase to 18:1. At the date of issue, the bonds were sold at 97 . Bond discount is amortized on a straight-line basis. Skysong's effective tax was 20%. Net income in 2025 was $9,150,000, and the company had 2,075,000 shares outstanding during the entire year. Compute both basic and diluted earnings per share. (Round answers to 2 decimal places, e.g. 2.55.)