Question: compute stanley's basic and diluted earnings per share for the year ended december 31, 2024 Stanley Department Stores reported net income of $801,000 for the

compute stanley's basic and diluted earnings per share for the year ended december 31, 2024

Stanley Department Stores reported net income of $801,000 for the year ended December 31,2024. Additional Information: Comon thares outstanding at January 1, 2024 Incentive stock options (vested in 2023) outatanding throughout 2024 (Each option is exercisable for one common share at an exercise price of $24.00 ) buring the year, the market price of stanley' \& common stock averaged $28.80 per share. On Augunt 30 , Stanley sold 15,000 common shares. stanley's only debt consisted of $38,000 of 10t short-term bank notes. The company's income tax rate is 25t. Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10 )

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