Kingery Corporation began the calendar $($and fiscal$)$ year with a simple structure consisting of $39,000$ shares of common stock outstanding. On May $1,9,000$ additional shares were issued, and another $6,000$ shares were issued on September $1.$ The company had a net income for the year of $$245,000.$

Round answers to two decimal places.

a$.$ Compute the earnings per share of common stock.

$Answer $1$

b$.$ Assume that the company also had $8,000$ shares of $4\%,$ $$20$ par value cumulative preferred stock outstanding throughout the year. Compute the basic earnings per share of common stock.

$Answer $2$