Question $33$ options:

During $2021,$ SMU Corp. had $205,000$ common shares outstanding. The market price of the common shares averaged $$50$ during $2021.$ The corporation's income tax rate is $30\%.$

During $2021,$ there were $30,000$ call options to buy common shares at $$40$ a share outstanding; and there were $20,000$ cumulative and convertible preferred shares outstanding. Each preferred share requires a dividend of $$5$ per year and is convertible into three common shares.

During $2020,$ the corporation had issued $$2,000,000$ of $8\%$ convertible bonds at face value. Each $$1,000$ bond is convertible into $20$ common shares. These bonds were outstanding during $2021.$

The corporation reported $$750,000$ net income for calendar year $2021.$

$1)$ SMU's basic EPS for the year ended December $31,2021$ is $\_\_\_\_\_\_\_\_\_\_\_\_.$

Keep two decimal places.

$2)$ SMU's diluted EPS for the year ended December $31,2021$ is $\_\_\_\_\_\_\_\_\_\_\_\_.$