Question: Hong Pak Compary had 2 0 0 , 0 0 0 shares of common stock outstanding on December 3 1 , 2 0 2 3

Hong Pak Compary had 200,000 shares of common stock outstanding on December 31,2023. On July 1.2024, Hong Pak issued an additional 52.000 shares for cash. On January 1.2024, Hong Pak issued 22.000 shares of corvertible preferred stock. The preferred stock had a par vatue of $100 per share and paid a 6% dividend. Fach share of preferred stock is convertible into 9 shares of common During 2024, Hong Pak paid the regular annual dividend on the preferred and common stock. Net income for the year was $320,000.
Required:
Calculate Hong Pak's basic and diluted earnings per share for 2024.
Note: Round your answers to 2 decimal places.
\table[[,\table[[Earning per],[share]]],[Basic,],[Diluthed,]]
Hong Pak Compary had 2 0 0 , 0 0 0 shares of

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