At Jasuary 1, 2022, Davis Corporation had 400 millice coenmon shares and 40 million 8% cumulative $100 pur preferred shares outstanding. On Septernber 1,2022, Davis sold 60 millicn additional shares of common stoek. Evelem, Incentive stock eptions to purchase 30 million shares of common stock affer Jaly 1, 2021, at $16 per share, were cutstanding at the begirniog and the entil of 2022 . The average markef price of Davis's common snock was $20 per share during 2022 . Dayis also had 4%,5500 miltion convertible bonds cutstanding on January 1, 2022. These bonds were convertible inte 25 million comrnon shares. Davitis net ineome for the year ended December 31,2022 , was 5500million. The effective inccene tax rate was 25%. Davis's 2022 diluted EPS would be $1.10$1.18$1.08$1.11