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please help! QUESTION 2 Colson Corp. had $800,000 net income in 2018. On January 1, 2018 there were 190,000 shares of common stock outstanding. There

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QUESTION 2 Colson Corp. had $800,000 net income in 2018. On January 1, 2018 there were 190,000 shares of common stock outstanding. There are 30,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2018. The tax rate is 40%. During 2018, there were 40,000 shares of convertible preferred stock outstanding. The preferred is $100 par, pays $3.50 a year dividend, and is convertible into three shares of common stock. Required: Compute basic and diluted earnings per share for 2018

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