What are the Basic earnings per share and the Diluted earnings per share

Edwards and Everett, Inc. had the following items in its capital structure at December 31, 2020:

Common stock options, issued in 2019, exercisable for 22,000 shares, beginning in 2022, at a"strike"price of $20 per share. The cash that would be received from the option-holders from a hypothetical exercise of the options at December 31, 2020 would be sufficient for Edwards & Everett to acquire 13,400 shares of its own common stock (as treasury stock).

Treasury stock, common, 20,000 shares, acquired on November 30, 2019...........280,000

Additional paid-in-capital...................................................................................................................760,000

Common stock, $10 stated value, issued January 2, 2019

(current market value, $17 per share) .........................................................................................1,200,000

Preferred stock, 10%, $8 par value, convertible into 146,000 common

shares no earlier than 2020, issued at par value on July 1, 2020

(current market value, $8 per share) .......................................................................................1,660,000

Stock warrants, issued in 2019 in exchange for legal services at the company'sformation, convertible into 1,300 shares of common stock at the

discretion of the warrant-holders, but not earlier than 2022. A

hypothetical conversion of the warrants at December 31, 2020 would

require a $14,000 cash payment from the warrant-holders, which would

be sufficient for Edwards & Everett to acquire 300 shares of its own

common stock (as treasury stock).................................................................................................20,000

Edwards & Everett's net incomefor 2020 was $783,000; thecompany's Board of Directors has not yet declared a dividend for 2020 for the preferred shareholders.

Basic and Diluted Earnings per share for the year ended December 31, 2020?