Anderson Steel Company began 2024 with 600,000 shares of common stock outstanding.
∙ On March 31, 2024, 100,000 new shares were sold at a price of $45 per share.
∙ The market price has risen steadily since that time to a high of $50 per share at December 31.
∙ No other changes in shares occurred during 2024, and no securities are outstanding that can become common stock.
∙ However, there are two agreements with officers of the company for future issuance of common stock.
∙ Both agreements relate to compensation arrangements reached in 2023.
∙ The first agreement grants to the company president a right to 10,000 shares of stock each year the closing market price is at least $48.
∙ The agreement begins in 2025 and expires in 2028.
∙ The second agreement grants to the controller a right to 15,000 shares of stock if she is still with the firm at the end of 2032.
∙ Net income for 2024 was $2,000,000.

Required:
Compute Anderson Steel Company’s basic and diluted EPS for the year ended December 31, 2024.