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6) York Co. had net income for 2021 of $600,000. The average number of shares outstanding for the period was 100,000 shares. The average number
6) York Co. had net income for 2021 of $600,000. 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 $20 per share is 12,000 shares. The average market price of the common stock during the year was $40. What should York Co. report for diluted earnings per share for the year ended 2021?
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