Zee Companys equity included 200,000,000 shares of common stock and 3,000,000 shares of 9%, $100 par value cumulative preferred stock (issued and outstanding) on December 31, 2022. The following information is provided:

On March 1, 2023, Zee Company purchased 24,000,000 treasury stock shares.

Zee Company issued a 5% common stock dividend on July 1, 2023

The company sold 4,000,000 treasury shares on October 1.

The company reported a net income amount of $150,000,000 on December 31, 2023

30,000,000 incentive stock options granted to key executives on September 13, 2018 were outstanding. These options were exercisable as of September 13, 2022 for 30,000,000 common stock at an exercise price of $56 per share.

During 2023, the market price of the common shares averaged $70 per share

Compute Zee Companys basic and diluted earnings per share for the year ended December 31, 2023. Note that share for stock options and conversion of convertible securities have been adjusted for any stock splits or stock dividends).