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Chrome File Edit View History Bookmarks People Tab Window Help 18 8 66% Wed 6:40 PM Q ... Connect + C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group.. * O Ch 19 @ Saved Help Save & Exit Submit Check my work 6 On January 1, 2021, Tonge Industries had outstanding 540,000 common shares ($1 par) that originally sold for $30 per share, and 3,000 shares of 10% cumulative preferred stock ($100 par), convertible into 30,060 common shares. 10 On October 1, 2021, Tonge sold and issued an additional 20,000 shares of common stock at $43. At December 31, 2021, there points were 25,000 incentive stock options outstanding, issued in 2020, and exercisable after one year for 25,000 shares of common stock Skipped at an exercise price of $40. The market price of the common stock at year-end was $58. During the year, the price of the common shares had averaged $50. Net income was $680,000. The tax rate for the year was 25%. eBook Required: Print Compute basic and diluted EPS for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. References Enter your answers in thousands.) Numerator Denominator Earnings per share Basic Diluted Mc Graw Hill AUG 1 S' wPy 11 5

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