Im$,$ Incorporated had $59,000$ shares of common stock outstanding at January $1,2024.$ On March $31,2024,$ an additional $13,600$ shares were sold for cash. Im also had $$4,900,000$ of $4\%$ convertible bonds outstanding throughout the year. The bonds are convertible into $49,000$ shares of common stock. Net income for the year was $$360,000.$ The tax rate is $25\%.$

Required:

Compute basic and diluted earnings per share for the year ended December $31,2024.$

Note: Round your answers to $2$ decimal places.