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Beaty Inc. purchased Dunbar Co. and agreed to give stockholders of Dunbar Co. 10,000 additional shares in 2023 if Dunbar Co.'s net income in 2022

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Beaty Inc. purchased Dunbar Co. and agreed to give stockholders of Dunbar Co. 10,000 additional shares in 2023 if Dunbar Co.'s net income in 2022 is $500,000; in 2021 Dunbar Co.'s net income is $520,000. Beaty Inc. has net income for 2021 of $450,000 and has an average number of common shares outstanding for 2021 of 100,000 shares. What should Beaty report as diluted earnings per share for 2021? $5.00 0 $4.09 $3.76 $4.50

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