Please help I keep getting it wrong! Pagle Corporation holds $80$ percent of Standard Company's common shares. The companies report the following balance sheet data for December $31,20$X$1$: An $8$ percent annual dividend is paid on the Pagle preferred stock and a $12$ percent dividend is paid on the Standard preferred stock. Pagle's preferred shares are not convertible. Standard's preferred shares can be converted into $15,000$ shares of common stock at any time. For $20$X$1,$ Standard reports $$54,000$ of net income and pays total dividends of $$26,000,$ and Pagle reports $$62,000$ of income from its separate operations and pays total dividends of $$45,000.$ Required: Compute basic and diluted EPS for the consolidated entity for $20$X$1.$ Note: Round your answers to $2$ decimal places. Answer is complete but not entirely correct.