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.

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