Delgado Manufacturing Company reports long-term liabilities and stockholders’ equity balances at December 31, 2011, as follows:

Convertible 5% bonds (par) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . $ 800,000

Common stock, $25 par, 100,000 shares issued and outstanding . . . .. . . . . . . . . . . . . 2,500,000

Additional information is determined as follows:

Conversion term of bonds—50 shares for each $1000 bond

Income before extraordinary items—2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 199,800

Extraordinary gain (net of tax) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,520

Net income—2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . $ 243,320

Compute the basic and diluted EPS for the company for 2011, assuming that the income tax rate is 30%. No changes occurred in the debt and equity balances during 2011.