For the year ended $31$ December $2019,$ Wagner Company had net income of $$4,800,000.$ The company had an average of $678,000$ shares of common stock outstanding, $29,000$ shares of convertible preferred, and no other potentially dilutive securities$.$ Each share of preferred pays a dividend of $$16$ per share, and each is convertible into $18$ shares of the company$$s common stock.

Calculate the company$$s basic and diluted EPS.