paul limited$\text{'}$s net income for the year ended december $31,2023$ was $$499750$ and there were $86000$ common shares outstanding during the entire year. Paul has the following two convertible securities outstanding: $10\%$ convertible bonds $($each $$1000$ bond is convertible into $20$ common shares$)$ is $$200000,5\%$ convertible $$100$ par value cumulative preferred shares $($each share is convertible into two common shares$)$ is $$105000.$ Both convertible securities were issued at face value in $2020.$ There were no conversions during $2023,$ and paul's income tax rate is $25\%.$ Calculate basic earning per share. $($for simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately$)$