On December $31,2017,$ Jasper Company had $100,000$ shares of common stock outstanding and $30,000$ shares of $7\%,$ $$100$ par, cumulative preferred stock outstanding.

The following transactions occurred during $2018$:

February $28,2018-$ purchased $24,000$ shares of common stock as treasury stock paying $$45$ per share.

September $30,2018-$ sold $6,000$ of the treasury shares for $$47$ per share.

Net income for $2018$ was $$540,000.$

The income tax rate is $40\%.$

Also outstanding at December $31,2017$:

Fully vested incentive stock options giving key personnel the option to buy $50,000$ common shares at $$40.$ The market price of the common shares averaged $$50$ during $2018.$

Five thousand $6\%$ bonds were issued at par on January $1,2018.$ Each $$1,000$ bond is convertible into $125$ shares of common stock. None of the bonds had been converted by December $31,2018,$ and no stock options were exercised during the year.

Required:

Compute Jasper's $2018$ basic and diluted earnings per share $($rounded to $2$ decimal points$)$