Pam Corporation's net income for 2016 consists of the following:

ADDITIONAL INFORMATION
1. Pam has 100,000 shares of common stock, and Sun has 50,000 shares of common and 10,000 shares of $10 cumulative, convertible, preferred stock outstanding throughout 2016. The preferred stock is convertible into 30,000 shares of Sun stock.
2. Sun has warrants outstanding that permit their holders to purchase 10,000 shares of Sun Corporation common stock at $15 per share (average market price $20).
3. Sun's reported net income for 2016 is $300,000, allocated $100,000 to preferred stockholders and $200,000 to common stockholders.
4. Pam owned 40,000 shares of Sun common stock throughout 2016.
REQUIRED:
Compute Pam Corporation's (and consolidated) basic and diluted EPS.

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Separate income $320,000 come from Sun Corporation 80% of Sun's income to common Less: Patent amortization $160,000 (4,000) Less: Unrealized profits on equipment sold to Sun 10,000) Less: 80% of unrealized profit on land purchased (16,000) 130,000 Trpn Sun Net income $450,000