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please help me asap (21) On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 40,000 shares of 6%,$50 par, cumulative
please help me asap (21)
On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 40,000 shares of 6%,$50 par, cumulative preferred stock outstanding. On February 28, 2021, Brisbane purchased 34,000 shares of common stock on the open market as treasury stock paying $50 per share. Brisbane sold 7,000 treasury shares on September 30,2021 , for $55 per share. Net income for 2021 was $190,905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 60,000 common shares at $50. The market price of the common shares averaged $60 during 2021. Required: Compute Brisbane's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.)Step by Step Solution
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