Master Corp. has $10,000$ common shares outstanding during the year. Net income for the year was $$50,000.$ On

the date of grant, the common shares were trading at $$20$ per share. During the year, the average price of its com$-$

mon stock was $$20.$

Required

a$.$ Prepare the journal entry on the date of grant, January $1.$

b$.$ Prepare the journal entry on December $31.$

c$.$ Calculate basic EPS.

d$.$ Calculate diluted EPS.