The information below pertains to Metlock Company for $2026.$

Net income for the year

$7\%$ convertible bonds issued at par $($ $$1,000$ per bond$)$; each bond is convertible into $30$ shares of common stock

$6\%$ convertible, cumulative preferred stock, $$100$ par value; each share is convertible into $3$ shares of common stock

Common stock, $$10$ par value

Tax rate for $2026$

Average market price of common stock

$$1,230,000$

$1,990,000$

$4,110,000$

$6,270,000$

$20\%$

$$25$ per share

purchase $68,200$ shares of common stock at $$20$ per share.

a$.$ Compute basic earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Basic earnings per share

$

b$.$ Compute diluted earnings per share for $2026.($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

Diluted earnings per share

$