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Check my work Exercise 19-20 (Algo) EPS; shares issued; stock options (LO19-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2021. Additional Information: Common shares outstanding at Jan. 1, 2021 Incentive stock options (vested in 2020) outstanding throughout 2021 (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 $28.20 per share. On Aug. 30, Stanley sold 15,000 common shares. Stanley's only debt consisted of $17,000 of 108 short-tern bank notes. The company's income tax rate is 25. 95,000 24,000 Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. De not round intermediate calculations) Denominator Basic Diluted Numerator $ 720,000 $ 8.900 Earnings per Share 0 0 1
95,000 24,000 Common shares outstanding at Jan. 1, 2021 Incentive stock options (vested in 2020) outstanding throughout 2021 (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 $28.20 per share. On Aug. 30, Stanley sold 15,000 common shares. Stanley's only debt consisted of $37,000 of 108 short-term bank notes. The company's income tax rate is 258. Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your ans not round intermediate calculations) Numerator 1 Denominator 11 Earnings per Share 1 0 Basic Diluted $ 720.000 $ 8.900 1 11 0