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On December 31, 2020. Brisbane Company had 100,000 shares of common stock outstanding and 27,000 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 27,000 shares of 6%, $50 par, cumulative preferred stock outstanding. On February 28, 2021, Brisbane purchased 21.000 shares of common stock on the open market as treasury stock paying $37 per share. Brisbane sold 5,700 treasury shares on September 30, 2021, for $42 per share. Net income for 2021 was $177,905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 47.000 common shares at $37. The market price of the common shares averaged $47 during 2021 Required: Compute Brisbane's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.) Earnings per share Basic Diluted

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