= Homework: Week Four Question 7, E20-3 (similar to) HW Score: 4.76%, 1 of 21 points Points: 0 of 1 Save Assume that Nabokov Associates began the year with 70,000 outstanding shares and implemented a 10% stock dividend on January 1 of the current year. Nabokov employees held 95,000 options that were granted on February 1. If exercised, there would be 22,800 incremental shares. On July 1, Nabokov implemented a 3-for-1 stock split. Finally, on October 1, the company purchased 133,200 shares to be held in the treasury. Requirement Compute the denominator for basic and diluted earnings per share. Assume that the stock split also applies to the options. Complete the table below to compute the denominator for basic and diluted earnings per share (EPS). Assume that the stock split also applies to the options. (Assume the options are dilutive. Combine the opening balance and the January 1 stock dividend on the first line of the table. Complete all answer boxes. Enter a "0" for any zero balances. Enter a decrease in shares with a minus sign or parentheses.) Date Event 1/1 Beg. balance and stock dividend 2/1 Option exercise Subtotal before the stock split 7/1 3-1 Stock Split Subtotal after the stock split 10/1 Treasury Stock Purchase 12/31 Balance Number of Shares Weight by Number of Months Shares Are Outstanding Weighted-Average Shares for Basic EPS Diluted EPS Help me solve this Etext pages Get more help - Q Type here to search C Clear all Check answer 68F Cloudy 12:49 PM 2/3/2022