Problem 19-17 (Algo) EPS; options; convertible preferred; additional shares [LO19-4, 19-5, 19-6, 19-7, 198,199] On January 1, 2024, Jaewoo Industries had outstanding 660,000 common shares ( $1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ( $100 par), convertible into 90,000 common shares. - On October 1, 2024, Jaewoo sold and issued an additional 16,000 shares of common stock at $33. - At December 31, 2024, there were 25,000 incentive stock options outstanding, issued in 2023, and exercisable after one year for 25,000 shares of common stock at an exercise price of $40. - The market price of the common stock at year-end was $58. - During the year, the price of the common shares had averaged $50. - Net Income was $800,000. 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 Intermedlate calculatlons. Except for per share amounts, enter your answers in thousands (l.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places