On 1 January 20X1, Barnhill Information Technologies reported 3,650,000 common shares outstanding. During the prior year, 20X0, the company had acquired Semere Systems, a supplier company, in a cash and share transaction. The purchase agreement included the following provisions:
1. Barnhill will issue an additional 250,000 common shares to the prior shareholders of Semere if the operating profit of the Semere business unit, as defined by agreement, was in excess of $1,000,000 for each of 20X0, 20X1, and 20X2;
2. Barnhill will issue an additional 100,000 shares to the prior shareholders of Semere if a new product under development by Semere is patented before year-end 20X4; and 

3. Barnhill agreed to issue an additional 200,000 shares to the prior shareholders of Semere if a lawsuit outstanding in 20X0 against Semere were resolved for a net cost of less than $150,000, including legal fees.
In late March 20X1, the court dismissed the lawsuit against Semere. Consequently, 200,000 shares were issued to the prior shareholders of Semele on 31 October 20X1.
Barnhill reported earnings of $5,092,000 for 20X1. The Semere Systems business unit turned in strong operating results, with $1,500,000 profit earned, similar to its results in 20X0. The product under development had not advanced to the patent stage by the end of 20X1. Barnhill had no other share transactions in 20X1.

Required:
Calculate basic and diluted earnings per share figures for 20X1.