Apex Ltd$.$ provides the following information for calendar $2024$

$1.$ Net income $$420,000$

$2.$ Capital Structure

a$)$ $$8$ preferred shares, no par value, cumulative, $6,000$ shares

No dividends were declared during $2024.$

b$)$ Common shares, $76,000$ shares outstanding on January $1.$

On April $1,40,000$ shares were issued for cash. On October $1,$

$50\%$ stock dividends were declared and distributed.

On December $1,15,000$ shares were purchased and retired $159,000$ shares

Instructions

$1.$ Calculate basic earnings per share for $2024,$ showing both the earnings available to common shareholders and the WACS.