Green Stamping began the current year with $470,000$ common shares outstanding and issued an additional $180,000$ shares on April $1.$ The firm has $$$$12,000,000,1\mathrm{.}5\%$ convertible bonds outstanding for a full year$($i$.$e$.,$ $$180,000$ coupon interest per$$ year$),$ which are convertible into $335,000$ shares of common stock. The firm issued the bonds at par and did not convert any during the current year. It also had $$1,220,000$ par$$ value, $3\%$nonconvertible$,$ noncumulative preferred stock outstanding for the full year and declared dividends for the current year. The company is subject to a $40\%$ tax rate and net income is $$3,900,000.$

Requirement

Based on this$$ information, compute basic and diluted earnings per share for the current year.