At December $31,2024$ and $2023,$ Markle Company had $108,000$ shares of common stock and $5,800$ shares of $3\%,$ $$100$ par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in $2024$ or $2023.$ Net income for $2024$ was $$580,000.$ For $2024,$ basic earnings per share was: