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1) Boston Co. had net income for 2021 of $500,000. The average number of shares outstanding for the period was 100,000 shares. The average number

1) Boston Co. had net income for 2021 of $500,000. The average number of shares outstanding for the period was 100,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 5,000 shares. The average market price of the common stock during the year was $40. What should Boston Co. report for diluted earnings per share for the year ended 2021?

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