Exercise 19-20 (Algo) EPS; shares issued; stock options (L019-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net Income of $765,000 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 $22.50) During the year, the market price of Stanley's common stock averaged $27.60 per share. On Aurt. 30, Stanley sold 15,000 conmon shares. Stanley's only debt consisted of $35,000 of 10% short term bank notes. The company's income tax rate is 25% 85,000 24,000 Required: Compute Stanley's basic and clluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round Intermediate calculations) Numerator Denominator Earnings per Share 1 1 7 Basic Diluted =