Assignment $3$ Partnerships and Corporations$/$EPS

Morrison Manufacturing Company had $30,000$ shares of common stock outstanding at January $1,1999.$ During $1999,$

Morrison issued an additional $25,000$ shares on February $1,$ and another $20,000$ shares on May $1.$

If Morrison's net income was $$916,800,$ the company's earnings per share reported on the $1999$ income statement will be:

$$12\mathrm{.}22$

$$13\mathrm{.}84$

$$17\mathrm{.}30$

$$12\mathrm{.}15$