Issued 60,000 common shares for $18 per share Purchased 20,000 shares of its common stock to hold in treasury for $12 per share. Issued a 10% stock dividend Sold 5.000 of the treasury shores for $15 per share If has net income of $500,000. calculate the basic EPS lor 2014. Calculate the diluted EPS for 2014. Prepare the journal entry for the purchase of common shares on Aug 31. Prepare the journal entry for the reissuance of treasury shares on Dcc 1. Explain why are dividends not included on the income statement