Business, 04.06.2020 18:01 jinjuwdjesus

On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 28,000 shares of 6%, $50 par, cumulative preferred stock outstanding. On February 28, 2021, Brisbane purchased 22,000 shares of common stock on the open market as treasury stock paying $38 per share. Brisbane sold 5,800 treasury shares on September 30, 2021, for $43 per share. Net income for 2021 was $178,905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 48,000 common shares at $38. The market price of the common shares averaged $48 during 2021. Compute Brisbane's basic and diluted earnings per share for 2021.

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On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 28,000 sha...