Nancy Fan Company had $100,000$ shares of common stock outstanding on January $1,2024.$ On September $30,2024,$ Nancy Fan sold $48,000$ shares of common stock for cash. Nancy Fan also had $10,000$ shares of convertible preferred stock outstanding throughout $2024.$ The preferred stock is $$100$par,$6\%,$ and is convertible into $3$ shares of common for each share of preferred. Nancy Fan also had $500,8\%,$ convertible bonds outstanding throughout $2024.$ Each $$1,000$ bond is convertible into $30$ shares of common stock. The bonds sold originally at face value. Reported net income for $2024$ was $$300,000$ with a $25\%$ tax rate. Common shareholders received $$2$ per share dividends after preferred dividends were paid in $2024.$ Required: Compute basic and diluted eamings per share for $2024.$

$(10pts)$