On January $1,2024,$ Jaewoo Industries had outstanding $520,000$ common shares $($$$1$ par$)$ that originally sold for $$25$ per share, and $8,000$ shares of $10\%$ cumulative preferred stock $($$$100$ par$),$ convertible into $80,000$ common shares.

On October $1,2024,$ Jaewoo sold and issued an additional $16,000$ shares of common stock at $$41.$

At December $31,2024,$ there were $24,000$ incentive stock options outstanding, issued in $2023,$ and exercisable after one year for $24,000$ shares of common stock at an exercise price of $$38.$

The market price of the common stock at year$-$end was $$56.$

During the year, the price of the common shares had averaged $$48.$

Net income was $$660,000.$ The tax rate for the year was $25\%.$

Required:

Compute basic and diluted EPS for the year ended December $31,2024.$