My responses were both incorrect. i need help figuring out the correct solutions, thank you!

Problem 19-17 (Algo) EPS; options; convertible preferred; additional shares [LO19-4, 19-5, 19-6, 19-7, 19 8, 19-9] On January 1.2024, Jeewoo industries had outstanding 800,000 common shares (\$1 par) that originally sold for $20 per share, and 3,000 shares of 10X cumulative preferred stock (\$100 par), convervible into 30,000 common shares. - On October 1.2024 , Jsewoo sold and lissued an additionat 20,000 shares of common stock at $36. - At December 31, 2024, there were 28,000 incentive stock options outstanding. issued in 2023, and exercisable after one year for 28,000 shwres of common stock at an exercise price of $30. - The market price of the common stock at year-end wos $48. - During the yeac, the price of the common shares had averoged $40 - Net incorne was $940,000. The tax rate for the year was 25%. Pequired: Compute basic and oluted EPS for the year ended December 31,2024. Notw: Do not round intermediete calculations, Except for per share amounts, enter your answers in thousands (1.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. - On October 1,2024 , Jaewoo sold and issued an additional 20,000 shares of common stock at $36. - At December 31,2024 , there were 28,000 incentive stock options outstanding, issued in 2023 , and exercisable after one year for 28,000 shares of common stock at an exercise price of $30. - The market price of the common stock at year-end was $48. - During the year, the price of the common shares had averaged $40. - Net income was $940,000. The tax rate for the year was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2024 Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. - On October 1, 2024, Jaewoo sold and issued an additional 20,000 shares of common stock at $36. - At December 31,2024 , there were 28,000 incentive stock options outstanding, issued in 2023 , and exercisable after one year for 28,000 shares of common stock at an exercise price of $30. - The market price of the common stock at year-end was $48. - During the year, the price of the common shares had averaged $40. - Net income was $940,000. The tax rate for the year was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (li.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places