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Johnson fishing reports net income of $350,000 for the year ended Dec 21, 2021. On Jan 1, 2021 Johnson had 40,000 shares outstanding. On April

Johnson fishing reports net income of $350,000 for the year ended Dec 21, 2021. On Jan 1, 2021 Johnson had 40,000 shares outstanding. On April 1, 2021 Johnson issued another 10,000 shares for $75 per share.

What is Johnson's Basic EPS for 2021?

Group of answer choices

$7.00

$7.37

$8.75

$8.25

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