105. Kasravi Co. had net income for 2011 of $300,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options at an option price of $30 per share is 12,000 shares The average market price of the common stock during the year was $36. What should Kasravi Co. report for diluted earnings per share for the year ended 2011? a. $1.50 b. $1.49 c. $1.43 d. $1.42