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On December 31, 2020. Bere Co had 198,000 shares of common stock and 5.000 shares of 8%, $100 par value preferred stock issued and outstanding.

On December 31, 2020. Bere Co had 198,000 shares of common stock and 5.000 shares of 8%, $100 par value preferred stock issued and outstanding. Bere purchased 30,000 shares of its common stock as treasury stock on May 1, 2021. and 8.000 treasury shares were sold on October 1, 2021. Net Income for 2021 was $166.000

Bere's basic earnings per share for 2021 was:

$0.86

$0.70

$0.78

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