where did you get 2018 the Q didnt aske about 2018 ????

please answer the incorrect parts I got 12 out or 30 point.

need help ASAP than you.

first picture is the question the second picture is my answer and the third picture is the formula you used to get the Diluted EPS.

I need help with Diluted EPS

1. ( 30 pointa) (Farriatgs. Per Shart) On December 31. 2020, Scot Compary had 70,000 shates of common sock. oitatanding for the entiee year. On Apnil 1, 2021, 50ot puechased 2,500 shares of comenon wock on the opca market as trearury rook paying $45 per share and sold 1,080 of the treasiry shares on lane 1, 2021, for 387 per thare. Scoti ismed a 137 , common stock dividend on 92/2021. In addition, Scoll had $000 warei of 9%. $50 par value. cumalative convertitle preforrod stock eutstanding on Dosember 31, 2020. Preferred divienda for 2021 amounted to $22,500. Fach coevertible perfered sock can be converted intse twe shares of cemmon sack. Ne comvertible prefered nock had how cotverial by 12/31/2021. Nat income for 2021 wak 5353.257. The incoete tax rate is 25% Other relevant information is as follows. 1. Outatading at Docenber 31, 2020, were niock eptiona giviag key persontel the option to buy 30,600 (adjumed for the isock dividends) cameton ahares al 545. In 2021 , the average market price of the commce shares was $50 (adruted for the stock dividende) on December 31,2021 . No stock options were evetcised during the year. 2. 5160,000,54 beedi were ieused at a pecminam ea Debember 20,2020 . Noee of the bonds had been coeverted by Docsmber 31, 2021. A bond ineres expense of 55.300 was focurded in 2021. The fremium is being amortirnd al $500 in 2621. Fach $1,000 bend is convertible imto 21 thares of cominon sock. 3. 3900,600 of 37 bonds was issuad at a jiscount on October 10, 2020. None of the bonde had been woeverted by December 31, 2021. A botil interest experse of $40,900 was recorded in 2021 . The discont is being amortired an $900 in 2021 . Fach $1,000 bead is cenvertible into 25 absers of common stock. Requited: (a) (t0 points) Cocepult the weighted average shares eutstandorg and in coetputing the basic eamings per share of 2021 for Sooll Company isotec yes seed te shew yeur campetation to receive cretits). (b) (20 points) Compute the basic and diluted earnings per share of 2021 for Scott Compary \{noter we 79,105 whard as the number of thares for calculatieg the baic earnings per share of 2021 regardless of your answer in (a)k. 1 2. Hanit RPS- net income-preference dividend / mo. Of shares cutstanding On December 31, 2020, Scott Company had 70,000 shares of common stock outstanding for the entire year. On April 1, 2021, Scott purchased 2,500 shares of common stock on the open market as treasury stock paying $45 per share and sold 1,000 of the treasury shares on June 1,2021 , for $47 per share. Scott issued a 15% common stock dividend on 9/2/2021. In addition, Scott had 5,000 shares of 9%,$50 par value, cumulative convertible preferred stock outstanding on December 31, 2020. Preferred dividends for 2021 amounted to $22,500. Each convertible preferred stock can be converted into two shares of common stock. No convertible preferred stock had been converted by 12/31/2021. Net income for 2021 was $253,267. The income tax rate is 25%. Other relevant information is as follows: 1. Outstanding at December 31,2020 , were stock options giving key personnel the option to buy 30,000 (adjusted for the stock dividends) common shares at $45. In 2021 , the average market price of the common shares was $50 (adjusted for the stock dividends) on December 31,2021 . No stock options were exercised during the year. 2. $100,000,9% bonds were issued at a premium on December 20,2020 . None of the bonds had been converted by December 31,2021 . A bond interest expense of $8,500 was recorded in 2021. The premium is being amortized at $500 in 2021. Each $1,000 bond is convertible into 21 shares of common stock. 3. $500,000 of 8% bonds was issued at a discount on October 10, 2020. None of the bonds had been converted by December 31, 2021. A bond interest expense of $40,900 was recorded in 2021. The discount is being amortized at $900 in 2021. Each $1,000 bond is convertible into 25 shares of common stock. Required: (a) (10 points) Compute the weighted average shares outstanding used in computing the basic earnings per share of 2021 for Scott Company (note: you need to show your computation to receive credits). (b) (20 points) Compute the basic and diluted earnings per share of 2021 for Scott Company (note: use 79,105 shares as the number of shares for calculating the basic earnings per share of 2021 regardless of your answer in (a)). 2. Basic EPS = net income-preference dividend / no. Of shares outstanding \begin{tabular}{c} Net Income - \\ Preferred Dividends \\ \hline Weighted-Average Number of Shares Outstanding \\ \hline \end{tabular} Basic EPS Diluted EPS 1. ( 30 pointa) (Farriatgs. Per Shart) On December 31. 2020, Scot Compary had 70,000 shates of common sock. oitatanding for the entiee year. On Apnil 1, 2021, 50ot puechased 2,500 shares of comenon wock on the opca market as trearury rook paying $45 per share and sold 1,080 of the treasiry shares on lane 1, 2021, for 387 per thare. Scoti ismed a 137 , common stock dividend on 92/2021. In addition, Scoll had $000 warei of 9%. $50 par value. cumalative convertitle preforrod stock eutstanding on Dosember 31, 2020. Preferred divienda for 2021 amounted to $22,500. Fach coevertible perfered sock can be converted intse twe shares of cemmon sack. Ne comvertible prefered nock had how cotverial by 12/31/2021. Nat income for 2021 wak 5353.257. The incoete tax rate is 25% Other relevant information is as follows. 1. Outatading at Docenber 31, 2020, were niock eptiona giviag key persontel the option to buy 30,600 (adjumed for the isock dividends) cameton ahares al 545. In 2021 , the average market price of the commce shares was $50 (adruted for the stock dividende) on December 31,2021 . No stock options were evetcised during the year. 2. 5160,000,54 beedi were ieused at a pecminam ea Debember 20,2020 . Noee of the bonds had been coeverted by Docsmber 31, 2021. A bond ineres expense of 55.300 was focurded in 2021. The fremium is being amortirnd al $500 in 2621. Fach $1,000 bend is convertible imto 21 thares of cominon sock. 3. 3900,600 of 37 bonds was issuad at a jiscount on October 10, 2020. None of the bonde had been woeverted by December 31, 2021. A botil interest experse of $40,900 was recorded in 2021 . The discont is being amortired an $900 in 2021 . Fach $1,000 bead is cenvertible into 25 absers of common stock. Requited: (a) (t0 points) Cocepult the weighted average shares eutstandorg and in coetputing the basic eamings per share of 2021 for Sooll Company isotec yes seed te shew yeur campetation to receive cretits). (b) (20 points) Compute the basic and diluted earnings per share of 2021 for Scott Compary \{noter we 79,105 whard as the number of thares for calculatieg the baic earnings per share of 2021 regardless of your answer in (a)k. 1 2. Hanit RPS- net income-preference dividend / mo. Of shares cutstanding On December 31, 2020, Scott Company had 70,000 shares of common stock outstanding for the entire year. On April 1, 2021, Scott purchased 2,500 shares of common stock on the open market as treasury stock paying $45 per share and sold 1,000 of the treasury shares on June 1,2021 , for $47 per share. Scott issued a 15% common stock dividend on 9/2/2021. In addition, Scott had 5,000 shares of 9%,$50 par value, cumulative convertible preferred stock outstanding on December 31, 2020. Preferred dividends for 2021 amounted to $22,500. Each convertible preferred stock can be converted into two shares of common stock. No convertible preferred stock had been converted by 12/31/2021. Net income for 2021 was $253,267. The income tax rate is 25%. Other relevant information is as follows: 1. Outstanding at December 31,2020 , were stock options giving key personnel the option to buy 30,000 (adjusted for the stock dividends) common shares at $45. In 2021 , the average market price of the common shares was $50 (adjusted for the stock dividends) on December 31,2021 . No stock options were exercised during the year. 2. $100,000,9% bonds were issued at a premium on December 20,2020 . None of the bonds had been converted by December 31,2021 . A bond interest expense of $8,500 was recorded in 2021. The premium is being amortized at $500 in 2021. Each $1,000 bond is convertible into 21 shares of common stock. 3. $500,000 of 8% bonds was issued at a discount on October 10, 2020. None of the bonds had been converted by December 31, 2021. A bond interest expense of $40,900 was recorded in 2021. The discount is being amortized at $900 in 2021. Each $1,000 bond is convertible into 25 shares of common stock. Required: (a) (10 points) Compute the weighted average shares outstanding used in computing the basic earnings per share of 2021 for Scott Company (note: you need to show your computation to receive credits). (b) (20 points) Compute the basic and diluted earnings per share of 2021 for Scott Company (note: use 79,105 shares as the number of shares for calculating the basic earnings per share of 2021 regardless of your answer in (a)). 2. Basic EPS = net income-preference dividend / no. Of shares outstanding \begin{tabular}{c} Net Income - \\ Preferred Dividends \\ \hline Weighted-Average Number of Shares Outstanding \\ \hline \end{tabular} Basic EPS Diluted EPS