On December $31,2023,$ Clarkson Company had $100,000$ shares of common stock outstanding and $30,000$ shares of $7\%,$$$50$ par,

cumulative preferred stock outstanding. On February $28,2024,$ Clarkson purchased $24,000$ shares of common stock on the open

market as treasury stock paying $$45$ per share. Clarkson sold $6,000$ of the treasury shares on September $30,2024,$ for $$47$ per share.

Net income for $2024$ was $$180,905.$ Also outstanding at December $31,2023,$ were fully vested incentive stock options giving key

executives the option to buy $50,000$ common shares at $$40.$ These stock options were exercised on November $1,2024.$ The market

price of the common shares averaged $$50$ during $2024.$

Required:

Compute Clarkson's basic and diluted earnings per share for $2024.$

Note: Round your answers to $2$ decimal places.