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On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 31,000 shares of 6%, $50 par. cumulative preferred stock outstanding. On

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On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 31,000 shares of 6%, $50 par. cumulative preferred stock outstanding. On February 28, 2021, Brisbane purchased 25,000 shares of common stock on the open market as treasury stock paying $41 per share. Brisbane sold 6100 treasury shares on September 30, 2021, for $46 per share. Net income for 2021 was $181.905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 51,000. common shares at $41. The market price of the common shares averaged $51 during 2021. Required: Compute Brisbane's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.) Earnings per hane Basic Diluted

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