During 2018, Quattro entered into the following transactions relating to shareholders' equity. The corporation was authorized to issue 20 million common shares, $1 par per share.
Net income for 2018 was $110 million. 
Required:
Compute basic and diluted EPS for 2018.
Definitions:
Overhead Rate
Refers to the cost of running a business that cannot be directly attributed to a specific product or service, often expressed as a percentage of labor or material costs.
Activity-based Costing
A costing method that assigns overhead and indirect costs to specific activities, providing more accurate product costing.
Departmental Overhead Rate
A rate used to allocate overhead costs to specific departments, based on criteria like department size, expenditure, or machine hours used.
Volume-based Allocation
A method of allocating costs based on the volume of goods produced or services provided, often used in manufacturing and service industries.
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