On December $31,2020,$ Sound Machine, Inc. had $100,000$ shares of common stock outstanding and $30,000$ shares of $7\%,$ $$50$ par, cumulative convertible preferred stock outstanding. Each share of preferred stock is convertible into $8$ shares of common. On February $28,2021,$ Clarkson purchased $24,000$ shares of common stock on the open market as treasury stock paying $$45$ per share. Clarkson sold $6,000$ of the treasury shares on September $30,2021,$ for $$47$ per share. Also outstanding at December $31,2020,$ were fully vested incentive stock options giving key executives the option to buy $50,000$ common shares at $$40.$ These stock options have not yet been exercised. The market price of the common shares averaged $$50$ during $2021.$

During $2021,$ Sound Machine Inc. earned net income of $$180,905,$ paid total dividends of $$150,000$ and had a $21\%$ tax rate.

Lastly, the company had $$400,000$ of $4\%$ convertible bonds outstanding. The bonds were issued at par and each $$1,000$ bond is convertible into $20$ shares of common stock.

A$)$ Calculate the company$$s basic earnings per share.

B$)$ Use the same facts as above, Calculate Sound Machine's diluted EPS.