Q.2 Stanley Hugo, company secretary and CFO in the finance department of Allied Corporation was given the assignment of determining the basic and diluted earnings per share values for the V Edit with WPS Office year ending December 31, 2019. Stanley has compiled the information listed below. 1. The company is authorized to issue 8,000,000 shares of $10 par value common stock. As of December 31, 2018, 2,000,000 shares had been issued and were outstanding. 2. The per share market prices of the common stock on selected dates were as follows. Price per Share July 1, 2018 January 1, 2019 April 1, 2019 July 1, 2019 August 1, 2019 November 1, 2019 December 31, 2019 $20.00 21.00 25.00 11.00 10.50 9.00 10.00 Q.2 Stanley Hugo, company secretary and CFO in the finance department of Allied Corporation was given the assignment of determining the basic and diluted earnings per share values for the V Edit with WPS Office year ending December 31, 2019. Stanley has compiled the information listed below. 1. The company is authorized to issue 8,000,000 shares of $10 par value common stock. As of December 31, 2018, 2,000,000 shares had been issued and were outstanding. 2. The per share market prices of the common stock on selected dates were as follows. Price per Share July 1, 2018 January 1, 2019 April 1, 2019 July 1, 2019 August 1, 2019 November 1, 2019 December 31, 2019 $20.00 21.00 25.00 11.00 10.50 9.00 10.00