$11$

Exercise $19-25($Algo$)$ EPS; new shares; contingent agreements $[$LO$19-6,19-12]$

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Deflereves

Anderson Steel Compary began $2024$ with $460\mathrm{.}000$ shaves of common stock outstending

On March $31.2024.240\mathrm{.}000$ new thares were sold ma apice of $$50$ per share.

The market price has risen steadily since that time to a high of $$55$ per share at December $31.$

No ober changes in shaves occurred daring $2024,$ and no securses are outstanding that can become common stock

Howevec, there are two agreements with officers of the company for future inuasce of common stock.

Both agreements relate to compensation arangements reached is $2023.$

The first agreement grants to the company president a right to $24\mathrm{.}000$ shares of stock each year the closing market price is af least $$53.$

The agyeement begins in $2025$ and expires in $2028.$

The second agreement grants to the controler a right $5029\mathrm{.}000$ shares of stock if she is still with the firm at the end of $2032.$

Net income for $2024$ was $$3400000.$

Required:

Compute Anderson Steet Company's basic and diuted earnings per share for the year ended December $31,2024.$

Note: Do not round intermediate calculations. Enter your answers in thousands $0\mathrm{.}2.,10,000$ should be entered as $101.$

$\backslash$table$[[,$Nametalst,$+,$Opnominater,$-,$Carningt per Share$],[$Barie$,53\mathrm{.}400,+-,,-,9],[$Dauted$,53400,*,,{?}^{?},0]]$

Problem $19-11($Algo$)$ EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend $[$LO$19-4,19-5,19-6,19-7]$

On December $3,2023,$ Dow Sieel Copporation had $650$ D$00$ wheres of common stock and $31000$ wheres of inh soncumulatere. noncomentble preferred stock isuued and outhtanding.

Dow insued a $4$$ common stock dividend on May $15$ and puid cach divendi a$/340000$ and $318000$ bcommon and pretorted ilweholders, respectively on December ty$.2024$

On February $28.2024,$ Dows soid $63,000$ common shaves

In keeping wath its longterm share sepurchase plat. $2\mathrm{.}000$ whaes wese setred on hyy $1$

Dows net income for the year ended December $34\mathrm{.}2024$ wan $52150000.$ The income tes ay $13251$

Aepabed

Cospule Dows earnings per share for the pear ended Decenber $34\mathrm{.}2024$ be empered as $10,$ Revnd "tariingi per share" answer to $2$ declmal places.

$\backslash$table$[[$Numerater$,\backslash$table$[[+$