I am working on this problem:

Bragg Corp. had $1,500,000 net income in 2013. On January 1, 2013 there were 200,000 shares of common stock outstanding. On April 1, 25,000 shares were issued and on September 1, Bragg brought 15,000 shares of treasury stock. There are options outstanding to buy 20,000 shares of common stock at $20 a share. The market price of the common stock averaged $25 during 2013. The tax rate is 40%.

During 2013 there were 20,000 shares of convertible cumulative preferred stock outstanding. The preferred is $100 par, pays $100,000 a year dividend, and is convertible into two shares of common stock.

Bragg issued $1,500,000 of 10% convertible bonds at face value during 2012. Each $1000 bond is convertible into 20 shares of common stock.

REQUIRED

Compute the basic and diluted earning per share for 2013.

The answers I have located for Basic EPS are calculating the final 4 mos of the year at $195,000. I get $210,000