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On December 30 2017. Brisbane Company had 100.000 shares of common stock outstanding and 27000 shares of 6%. $50 par, cumulative preferred stock outstanding on

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On December 30 2017. Brisbane Company had 100.000 shares of common stock outstanding and 27000 shares of 6%. $50 par, cumulative preferred stock outstanding on February 28, 2018. Brisbane purchased 21000 shares of common stock on the open market as treasury stock paying $37 per share. Brisbane sold 5.700 treasury shares on September 30, 2018. for $42 per share. Net Income for 2018 was $177.905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 47000 common shares at $37. The market price of the common shares averaged $47 during 2018 Required: Compute Brisbane's basic and diluted earnings per share for 2018. (Round your answers to 2 decimal places.) Eamings per share Basic Diluted

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