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Golt Corporation purchased Massey Inc. and agreed to give stockholders of Massey Inc 50,000 additional shares in 2020 if Massey Inc's net income in 2019

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Golt Corporation purchased Massey Inc. and agreed to give stockholders of Massey Inc 50,000 additional shares in 2020 if Massey Inc's net income in 2019 is $600,000 or more in 2018 Massey Inc.'s net income is $615,000, Colt has net income for 2018 of $1, 500,000 and has an average number of common shares outstanding for 2018 of 500,000 shares What should Colt report as earnings per share for 2018? Basic Earnings Diluted Earnings

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