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As part of its executive compensation plan, Vertovec Inc. granted 63,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated

image text in transcribed As part of its executive compensation plan, Vertovec Inc. granted 63,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $18 per share on January 1,2020 , the grant date of the restricted stock award, as well as on December 31, 2021. 575,000 shares were outstanding at January 1, 2021. Net income for 2021 was $460,000. Required: Compute Vertovec's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands.) Answer is complete but not entirely correct

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