Cullumber Corporation has net income for the year of $$456,720$ and a weighted average number of common shares outstanding

during the period of $103,800$ shares. The company has two convertible debenture bond issues outstanding. One is a $6\%$ issue sold at

$100($total $$1$ million$)$ in a prior year and convertible into $25,000$ common shares. The other is a $10\%$ issue sold at $100($total $$500,000)$

on April $1$ of the current year and convertible into $34,300$ common shares. The tax rate is $30\%.$ Calculate basic earnings per share and

diluted earnings per share and show how they would be presented in the financial statements. $($Round earnings per share answers to $2$

decimal places, e$.$g$.15\mathrm{.}25.)$