Stanley Company Stanley Company had 100,000 shares of common stock issued an outstanding at December 31, Y18. On July 1, Y19, Stanley issued a 10% stock dividend. Stanley had stock options to to purchase 20,000 shares of Stanley's common stock at $20 per share all year. The average market price of Stanley's common stock was $25 per share during Y19. Net income for the year ended December 31, Y19 was $550,000. What are basic and diluted earnings per share for Y19?