Parte $4$ Basic and Diluted Earnings per Share Computation. Make sure to show ALL your work.$[15$ puntos$]$A partial income statement for a company for the year $2024$ is presented below:$$Income before interest and taxes $$600,000$Interest expense $(100,000)$Income before income taxes $$500,000$Income tax expense $(110,000)$Net income $$390,000$The $$100,000$ interest relates to convertible bonds, $$1,000,000$ par, $10\%$ interest.$$For Basic EPS purposes, the weighted average number of common shares outstanding was $136,000.$The company had the following potentially dilutive securities: a$.$ Convertible bonds $($described above$).$ Each $$1,000$ bond is convertible into $25$ common shares. The bonds were issued in $2017.$ Bondholders have the option to convert the bonds starting in $2025.$b$.$ Convertible, cumulative preferred stock. These shares were issued on July $1,2018$ and each $$100$ par share is entitled to a $5\%$ dividend. There are $10,000$ shares outstanding and each share is convertible into five shares of common stock. NO dividends were paid in $2023.$ In December of $2024,$ the company paid both the $2023$ and $2024$ preferred dividends. On August $1,2024,3,000$ preferred shares were converted into $15,000$ common shares.$$REQUIRED:$$Compute Basic and Diluted EPS for the year $2024.$