On January, 2016, Bell Company 100,000 shares of and common stock outstanding and 30,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On March 1, Bell purchased 24,000 shares of common stock as treasury stock for $40 per share. It sold 6,000 treasury shares on 1, at s45 per share.Net income for 2016 was $1,085,430,Also outstanding in 2016 were stock options giving executives the right to buy 50,000 common shares at $40. During 2016, the average market price of the common shares was $50 with a closing price of $56 on December 31. The company's tax rate is 40%. Showing your computations, present in good order Bell's earnings per share for 2016. On January 1, 2016, Bell Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $50 cumulative preferred stock outstanding. On March 1, Bell purchased 24,000 shares of common stock as treasury stock for $40 per share. It sold 6,000 treasury shares on October 1 at $45 per share. Net income for 2016 was $1,085,30, Also outstanding in 2016 were stock options giving executives the right to buy for 50,000 common shares at $40. During 2016, the average market price of the common shares was $50 with a closing price of $56 on December 31 The company's tax rate is 40%. 5 million dollars of were issued at face value on January 1, 2016. Those bonds are convertible into common stock in a ratio of 1:10. None of them had been converted December 31 and no stock options were exercised during the year. Showing your computations, present in good order Bell earnings per for share 2016