Boisclair, Inc. had $500,000$ shares $of$ common stock issued and outstanding $at$ December $31,20X1$ and $20X2.On$ October $1,20X2,$ the

company issued $an$ additional $100,000$ shares $of$ common stock. The company has $no$ preferred stock outstanding. Boisclair also had

unexercised stock options allowing company executives $to$ purchase $30,000$ shares $of$ common stock $at$ $$18$ per share outstanding $at$

the beginning and end $of20X2.$ Net income for $20X2$ was $$120,000$ and the company has $no$ preferred stock outstanding during $20X2.$

The average market price $of$ the company's common stock was $$20$ during $20X2.$ What are basic and diluted earnings per share,

respectively?

$$\mathrm{.}2286$ and $$\mathrm{.}2162$

$$\mathrm{.}2272$ and $$\mathrm{.}2162.$

$$\mathrm{.}20$ and $$\mathrm{.}1904$

$$\mathrm{.}2286$ and $$\mathrm{.}2272$