11. The 1992 stock were net income of Slaughter Co. was $200,000 and 100,000 shares of its common st ng during the entire year. In addition, there were outstanding options to purchase 10,000 989 and none had been mmon stock during 199 are for 1992 (rounded to outstand shares of common stock at $10 per share. These options were granted in 1 exercised by December 31, 1992. Average market price of Slaughter's co was $25 per share. The amount that should be shown as Slaughter's fully diluted earnings per sh the nearest cent) is: a. $2.00. b. S1.95. c. $1.89. d. $1.86. e. $1.82 12. Stine Inc. had 500,000 shares of common stock issued and outstanding at December 31, 2014.0n July 1, 2015 an additional 500,000 shares were issued for cash. Stine also had stock options outstanding at the beginning and end of 2015 which allow the holders to purchase 150,000 shares of common stock at $28 per share. The average market price of Stine's common stock was S35 during 2015. The number of shares to be used in computing diluted earnings per share for 2015 is a. 1,120,000 b. 1,030,000 c. 870,000 d. 780,000