Use the following information to answer questions $4$ and $5$

Date Share Changes Shares Outstanding

Jan $1$ Beg Balance $90,000$

Mar $1$ Issued $42,000$ shares $132,000$

July $1$ Purchased $12,000$ shares $120,000$

Nov $1$ Issued $24,000$ shares $144,000$

Dec $31$ Ending balance $144,000$

Roberts Corporation has net income of $$210,000$ for the year and above is it$$s record of common

shares outstanding. The company has one convertible debenture bond issues outstanding. It is a $5$

percent issue sold at $100($total $$1,000,000)$ in a prior year and convertible into $20,000$ common

shares. Interest expense on the $5$ percent convertibles is $$50,000.$ The tax rate is $40$ percent.

$4.$ What is Roberts Corporation$$s Basic EPS $($rounded to the nearest cent$)?$

$5.$ What is Roberts Corporation$$s Diluted EPS $($rounded to the nearest cent$)?$