Question $23$ of $40$

$-12\mathrm{.}5$

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Sandhill Corporation purchased Tamarisk Inc. and agreed to give stockholders of Tamarisk $50800$ additional shares in $2027$ if Tamarisk's net income in $2026$ is $$590000$ or more; in $2025$ Tamarisk's net income is $$615000.$ Sandhill has net income for $2025$ of $$1501000$ and an average number of common shares outstanding of $499000$ shares. What should Sandhill report as earnings per share for $2025?$

Basic Earnings Per Share Diluted Earnings Per Share

$$2\mathrm{.}73$

$$2\mathrm{.}73$ $$3\mathrm{.}01$

$$3\mathrm{.}01$ $$3\mathrm{.}01$

$$ $$3\mathrm{.}01$

$$

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