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Assume that the following data relative to Eddy Company for 2013 is available: Net Income: $2,100,000;...

Assume that the following data relative to Eddy Company for 2013 is available: Net Income: $2,100,000; 1,320,000 shares of common shares outstanding for the whole year.

transactions in common shares:

May purchase of 60,000 treasury shares

June stock split 2-1

Nov issuance of 120,000 shares

8% Cumulative Convertible Preferred Stock: $1,000,000, convertible into 200,000 shares of common stock. (adjusted for split)

Stock Options: exercisable to 60,000 shares of common stock at the price of $25 per share. Average market price in 2013, $30.(both prices are also adjusted for the split)

compute the basic earnings per share ?

What will Eddy report as diluted earnings per share for 2013?

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