Dunbar Company had $4,000,000$ shares of $$1$ par value common stock outstanding at January $1,2020.$ On July $1,2020,$ the company issued $1,000,000$ additional shares of common stock. In addition, at December $31,2020,100,000$ shares were issuable upon exercise of executive stock options which require a $$30$ cash payment upon exercise. The average market price during $2020$ was $$50.$ Dunbar Company also has two convertible securities$.$ There are $20,000$ convertible bonds with a face amount of $$1,000,$ interest rate of $6\%$ and convertible into $10$ shares of common stock and $200,000$ shares of $5\%,$ $$100$ par value convertible preferred stock, convertible into $4$ shares each. During $2020,$ Dunbar Company$$s net income was $$60,000,000$ and all preferred stock dividends were declared and paid. The company$$s tax rate is $20\%.$ Compute the basic and diluted earnings per share for $2020.$