Check my work Exercise 19-20 (Algo) EPS; shares issued; stock options (LO19-6, 19-7, 19-8, 19-9] Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2021. Additional Information: Common shares outstanding at Jan. 1, 2021 Incentive stock options (vested in 2020) outstanding throughout 2021 (Each option is exercisable for one common share at an exercise price of $23.50) During the year, the market price of Stanley's common stock averaged $28.20 per share. On Aug. 30, Stanley sold 15,000 common shares. Stanley's only debt consisted of $37,000 of 10% short-term bank notes. The company's income tax rate is 25. Required: 95,000 24,000 Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations) Numerator Denominator Basic $ 720,000 7 Diluted i $ 8,900 Earnings per Share 0 0