Charles Austin of the controller's office of Headland Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2021. Austin has compiled the information listed below. 1. The company is authorized to issue 7,720,000 shares of $10 par value common stock. As of December 31, 2020, 1.930,000 shares had been issued and were outstanding. 2. The per share market prices of the common stock on selected dates were as follows. July 1, 2020 January 1, 2021 Price per Share $20.00 21.00 April 1, 2021 25.00 July 1, 2021 11.00 August 1, 2021 10.50 November 1, 2021 9.00 December 31, 2021 10.00