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Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2018 Additional Information: Common shares out st anding at Jan ,

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Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2018 Additional Information: Common shares out st anding at Jan , 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $23. 50) During the year, the market price of Stanley' s common stock averaged $28. 2 per share. On Aug. 30 Stanley sold 15, 000 commn shares Stanley, s only debt consisted of $37,000 of 10% short term bank notes. The company's income tax rate is 40%. 95, 000 24, 000 Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) Numerator Denominator Earnings per Share Basic EPS Diluted EPS

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