= = Wrap Text General TH LE limes New Roman 11 A A BIU-I-a. A- Dele ste E s Merge & Center $ % 68 Conditional Format as Cell Formatting Table Styles Styles Forr pboard Font Alignment Number 188 A B C D E F G H I Information from the financial statements of Mouse Industries included the following at December 31, 2018: Common shares outstanding. $1 par 8%, noncumulative, non-convertible preferred stock 622,000 200,000 $ During 2019, Mouse had the following stock transactions: Feb. 28 62,000 common shares sold May 15 4% common stock dividend declared and issued Jul 01 3,000 shares repurchased to be held in Treasury Stock, already adjusted for stock dividend Dec. 31 $ 2,200,000 net income for the year 22% income tax rate in 2 As part of an incentive compensation plan, Mouse granted incentive stock options to division managers at December 31 of two prior years. Each option permits its 3 holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year from that date. 4 Information concerning the number of options granted and common share prices follows: Date Granted Options Granted Share Price (adjusted for the stock dividend) Dec 31, 2016 7500 25.00 Dec 31, 2017 3200 36.00 00 0 The market price of the common stock averaged $32 per share during 2019. Sheet1 Sheet3 1 Type here to search Clipboard Font Alignment Number Styles AA88 X fx A B C D E F G H I 113 holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year from that date. 114 Information concerning the number of options granted and common share prices follows: Date Granted Options Granted Share Price (adjusted for the stock dividend) Dec 31, 2016 7500 25.00 Dec 31, 2017 3200 36.00 120 The market price of the common stock averaged $32 per share during 2019. 122 On July 12, 2014, Mouse issued convertible bonds at face value. Information related to this bond is given below: Face value $ 850,000.00 State rated of interest 7% Each $1,000 bond in convertible into 40 common shares (adjusted for the stock dividend) 127 128 Required: Compute Mouse's basic and diluted earnings per share for the year ended December 31, 2019. Sheet1 Sheet3 + Type here to search