27-Proctoring Ex ++Cgetprodoro.com/secured flockdown Proctoring Enabled Final Exam 7.30-22 Seed On December 31, 2020, Shenandoah Company had 100,000 shares of common stock outstanding and 40,000 shares of 6%, $50 par, 27 cumulative prefered stock outstanding On February 28, 2021, Shenandoah purchased 34,000 shares of common stock on the open market as treasury stock paying $50 per share. Shenandoah sold 7,000 treasury shares on September 30, 2021, for $55 per share. Net income for 2021 was $190.905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 60.000 common shares at $50. The market price of the common shares averaged $60 during 2021. ports 220 Required: Compute the company's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.) Bas Died Eamings per share