RESOURCES Exercise 16-26 Kingbird Company's net income for 2017 is $52,300. The only potentially dilutive securities outstanding were 1,200 options issued during 2016, each exercisable for one share at $6. None has been exercised, and 9,300 shares of common were outstanding during 2017. The average market price of Kingbird's stock during 2017 was $25. New Assignment 16 Review Rasults by Study Objective (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share (b) Assume the same facts as those assumed for part (a), except that the 1,200 options were issued on October 1, 2017 (rather than in 2016). The average market price during the last 3 months of 2017 was $25. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share By eccessing this Question Assstance, you will learn while you eam points based on the Point Potentisl Polcy set by your inetructor Quetion Attemptsi Unilimited AE FOR LATE CUSMIT ANSW