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On December 31, 2017, Brisbane Company had 100,000 shares of comm on stock outstanding and 24,000 shares of 7%, $50 par, cumulative preferred stock outstanding.

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On December 31, 2017, Brisbane Company had 100,000 shares of comm on stock outstanding and 24,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On February 28, 2018, Brisbane purchased 16,000 shares of common stock on the open market as treasury stock paying $32 per share. Brisbane sold 5,200 treasury shares on September 30, 2018, for $37 per share. Net income for 2018 was $172,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 42.000 common shares at $32. The market price of the common shares averaged $42 during 2018. "op Net ne , 0 6 4 Required Compute Brisbane's basic and diluted earnings per share for 2018. (Round your answers to 2 decimal places.) Earnings per share 0 Diluted

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