Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share LINK TO TEXT Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Diluted earnings per share & Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Testbank Problem 146 Assume that the following data relative to Sunland Company for 2021 is available: Net Income $2,760,000 Change Transactions in Common Shares Jan. 1, 2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares (62,400) 597,600 216,000 Cumulative 660,000 597,600 1,195,200 1,411,200 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 220,000 shares of common (adjusted for split). $1,100,000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2021, $30 (market price and option price adjusted for split). 78,000 shares Compute weighted average shares outstanding for 2021. Weighted average shares outstanding LINK TO TEXT Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share LINK TO TEXT Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Diluted earnings per share & Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Testbank Problem 146 Assume that the following data relative to Sunland Company for 2021 is available: Net Income $2,760,000 Change Transactions in Common Shares Jan. 1, 2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares (62,400) 597,600 216,000 Cumulative 660,000 597,600 1,195,200 1,411,200 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 220,000 shares of common (adjusted for split). $1,100,000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2021, $30 (market price and option price adjusted for split). 78,000 shares Compute weighted average shares outstanding for 2021. Weighted average shares outstanding LINK TO TEXT Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share
