Fill in the blanks

BRIEF EXERCISE 16-14

Proceeds from assumed exercise of 0

options (0 X $0)...................................................................................................... $

Shares issued upon exercise...................................................................................... 0

Treasury shares purchasable ($0 $0)................................................................... (0)

Incremental shares.................................................................................................... 0

Diluted EPS =	$0	=	$0
	0 + 0

7BE16-14 Bedard Corporation reported net income of $300,000 in 2012 and had 200,000 shares of common stock outstanding throughout the year. Also outstanding all year were 45,000 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share