Throughout 2014, H had 15,000,000 shares of common stock issued and outstanding and 100,000 shares of 5%, $100 par valuecumulativepreferred stock issued and outstanding.H's net income for 2014 was $7,700,000. During 2014 H neither declared nor paid any kind of dividend. H's income tax rate is 25%.

During the entire year ending 12-31-14, H had 750,000 outstanding and exercisable employee stock options that were granted to employees during 2011. Each option has an exercise price of $40 per share of H common stock. During 2014, the average market price of H's common stock was $60 per share.

As of 12-31-14, H had $3,000,000 of 6%, 15-year convertible bonds. H issued the bonds at par during 2005. The bonds can be converted into 40,000 shares of H's common stock.

As of 12-31-14, H had $40,000,000 of 8%, 40-year convertible bonds. H issued the bonds at par during 1995. The bonds can be converted into 300,000 shares of H's common stock.

What will H report as basic EPS for the year ended 12-31-14?ROUND TO NEAREST PENNY.

What will H report as diluted EPS for the year ended 12-31-14?ROUND TO NEAREST PENNY.