Stanley Department Stores reported net income of $$1,010,000$ for the year ended December $31,2024.$

Additional Information:

Common shares outstanding at January $1,2024$

$155,000$

Incentive stock options $($vested in $2023)$ outstanding throughout $2024$

$36,000$

$($Each option is exercisable for one common share at an exercise price of $$29\mathrm{.}50)$

During the year, the market price of Stanley's common stock averaged $$35\mathrm{.}40$ per share.

On August $30,$ Stanley sold $15,000$ common shares.

Stanley's only debt consisted of $$49,000$ of $10\%$ short$-$term bank notes.

The company's income tax rate is $25\%.$

Required:

Compute Stanley's basic and diluted earnings per share for the year ended December $31,2024.$

Note: Do not round intermediate calculations. Enter your answers in thousands $($i$.$e$.,10,000$ should be entered as $10).$

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