A firm with net income of $75,000 and weighted average actual shares outstanding of 10,000 for the year also had the following securities outstanding the entire year: 2,000 options to purchase one share of stock for $10 per share. The average share price during the year was $15. Compute diluted EPS for this firm. $7.50 $6.62 $7.03 $8.04 Budd, Inc. reported net income of $250,000 for the year, declared $10,000 in preferred dividends (noncumulative) and $5,000 in dividends to common shareholders. The company's weighted average common shares outstanding for the year was 100,000. What is the company's basic earnings per share for the year? $2.35/share $2.40/share $2.50/share O $2.60/share On January 1, 2020, Barr Inc., granted options to employees to purchase 10,000 shares of the company's $1 par value common stock at $30 per share. The grant date fair value of each option is $20. If all the options are converted on the vesting date what is the entry to Paid-in-capital stock options on the date the options are exercised? A debit of $200,000. A credit of $490,000. A debit of $490,000 Acredit of $200,000