Question: On December 3 1 , 2 0 2 3 , Brisbane Company had 1 0 0 , 0 0 0 shares of common stock outstanding

On December 31,2023, Brisbane Company had 100,000 shares of common stock outstanding and 39,000 shares of 7%,$50 par, cumulative preferred stock outstanding. On February 28,2024, Brisbane purchased 33,000 shares of common stock on the open market as treasury stock paying $49 per share. Brisbane sold 6,900 treasury shares on September 30,2024, for $54 per share. Net income for 2024 was $189,905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 59,000 common shares at $49. The market price of the common shares averaged $59 during 2024.
Required:
Compute Brisbane's basic and diluted earnings per share for 2024.
Note: Do not round intermediate calculation. Round your answers to 2 decimal places.
On December 3 1 , 2 0 2 3 , Brisbane Company had

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