Average Market Price Assignment

Assume that the subsequent info relative to Kane Agency for 2018 is obtainable:

Internet Earnings$2,890,000
Transactions in Frequent SharesChangeCumulative
Jan. 1, 2018, Beginning amount740,000
Mar. 1, 2018, Purchase of treasury shares(72,000)668,000
June 1, 2018, Stock minimize up 2-1668,0001,336,000
Nov. 1, 2018, Issuance of shares222,0001,558,000
6% Cumulative Convertible Preferred Stock
Supplied at par, convertible into 180,000 shares of frequent (adjusted for minimize up).$900,000
Stock Selections
Exercisable on the likelihood worth of $25 per share. The standard market worth in 2018, $30 (market worth and chance worth adjusted for minimize up).90,000shares

Half 1

Compute weighted frequent shares wonderful for 2018.

Half 2

Compute the elemental earnings per share for 2018. (Spherical reply to 2 decimal places, e.g. 52.75.)

Half three

Compute the diluted earnings per share for 2018. (Spherical reply to 2 decimal places, e.g. 52.75.).