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For 2019, Durango Products had net income of $1,500,000. At 1 January 2019, there were 1,200,000 shares outstanding. On 1 August 2019, the company issued

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For 2019, Durango Products had net income of $1,500,000. At 1 January 2019, there were 1,200,000 shares outstanding. On 1 August 2019, the company issued 325,000 new shares for $24 per share. The company paid $350,000 in dividends to common shareholders. What is Durango 's basic earnings per share for 2019? $0.86 $6.96 $1.12

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