Farmhill Ltd$.$ had $1,700,300$ common shares outstanding on $1$ January $20$X$6,$ the beginning of its $20$X$6$ fiscal year. During the year, on $1$ May, the company issued $500,000$ preferred shares convertible into common shares on a $1-$for$-1$ basis. These preferred shares have a $$1\mathrm{.}75$ annual cumulative dividend. The investors must convert the shares to common shares by $30$ April $20$X$9.$ During the year, there were no conversions and the dividends were declared and paid on $30$ November. The company reported net profit of $$2,920,800$ and total comprehensive income of $$2,260,600$ for the year ended $31$ December $20$X$6.$

Required:

Calculate the company$$s basic and diluted EPS for $20$X$6.($Do not round intermediate calculations and round your answers to $2$ decimal places.$)$

PLEASE INCLUDE EVERY STEP, THANK YOU