Question $1$:

At December $31,2021$ and $2020,$ P Co$.$ had $66,000$ shares of common stock and $6600$ shares of $5\%,$ $$100$ par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in $2021$ or $2020.$ Net income for $2021$ was $$740,000.$ For $2021,$ basic earnings per common share amounted to: $($Round your answer to $2$ decimal places.$)$

Group of answer choices

A$.$ $$10\mathrm{.}00.$

B$.$ $$5\mathrm{.}00.$

C$.$ $$10\mathrm{.}66$

D$.$ $$10\mathrm{.}71.$

Question $2$:

Dulce Corporation had $230,000$ shares of common stock outstanding during the current year. There were also fully vested options for $9500$ shares of common stock were granted with an exercise price of $$20.$ The market price of the common stock averaged $$25$ for the year. Net income was $$4\mathrm{.}4$ million. What is diluted EPS?

Group of answer choices

A$.$ $$19\mathrm{.}95.$

B$.$ $$18\mathrm{.}97.$

C$.$ $$19\mathrm{.}13.$

D$.$ $$18\mathrm{.}37.$