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Sunland Company purchased Wildhorse Co. and agreed to give stockholders of Wildhorse Co. 9200 additional shares in 2020 if Wildhorse Co.'s net income in 2019
Sunland Company purchased Wildhorse Co. and agreed to give stockholders of Wildhorse Co. 9200 additional shares in 2020 if Wildhorse Co.'s net income in 2019 is $493000; in 2018 Wildhorse Co.'s net income is $513000. Sunland Company has net income for 2018 of $453000 and has an average number of common shares outstanding for 2018 of 99000 shares. What should Sunland report as diluted earnings per share for 2018? (rounded to the nearest penny)
$4.98
$4.58
$4.19
$3.86
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