Invicta Watch Co$.$ reported $$515,000$ net income for the current year. The company began the current year with $100,000$ shares of common stock and $20,000$ shares of $3\%$ nonconvertible, cumulative, $$10$ par value preferred shares. Additional information is available:

Issued $50,000$ shares on Feb $1$

Implemented a $2-$for$-1$ stock split on April $1$

Issued another $10,000$ shares on Sept $1$

Repurchased $5,000$ of treasury shares on Nov $1$

Required: Compute basic EPS for the current year.