Lopez International reported a net income of $629,369 on December 31, 2014. At the beginning of the year, the company had 510,000 common shares outstanding. On April 1, the company sold 29,000 shares for cash. On August 31, the company issued 51,000 additional shares as part of a merger. On December 1, 2014, the company declared and issued a 10% stock dividend.
Required:
Compute Lopez's net income that would produce a basic EPS of $2.00 per share for 2014.