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On January 1 , 2 0 1 6 , Sweet Company issued 1 0 - year, $ 9 0 , 0 0 0 face value,
On January Sweet Company issued year, $ face value, bonds at par interest payable annually on January Each $ bond is convertible into shares of Sweet $ par value common stock. The company has had shares of common stock and no preferred stock outstanding throughout its life. None of the bonds have been converted as of the end of Sweet also has adopted a stockoption plan that granted options to key executives to purchase shares of the company's common stock. The options were granted on January and were exercisable years after the date of grant if the grantee was still an employee of the company the service period is years The options expired years from the date of grant. The option price was set at $ and the fair value optionpricing model determines the total compensation expense to be $ All of the options were exercised during the year : on January when the market price was $ and on May when the market price was $ a share. PROBLEM BELOW: Sweet's net income in was $ Compute basic and diluted earnings per share for sweet in Sweet's average stock price was $ in Compute Diluted Earnings per Share for Sweet Company in ASAP PLEASE
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