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Stanley Department Stores reported net income of $963,000 for the year ended December 31, 2018. Additional Information: Common shares outstanding at Jan. 1, 2018 Incentive

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Stanley Department Stores reported net income of $963,000 for the year ended December 31, 2018. Additional Information: Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exereise price of $28.50) During the year, the market price of Stanley's common stock averaged $34.2 per share. On Aug. 30 Stanley sold 15,000 common shares Stanley's only debt consisted of $47,000 of 10% short term bank notes. The company's income tax rate 18 408 145,000 36,000 Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) NumeratorDenominator Earnings per S Basic EPS Diluted EPS

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