Question: Please help and show your steps for the following question: During 2019, Bird reported earnings available to common shareholders of $1,200,000 and had 500,000 shares

Please help and show your steps for the following question:

  1. During 2019, Bird reported earnings available to common shareholders of $1,200,000 and had 500,000 shares of common stock outstanding for the entire year, for basic EPS of $2.40. Bird has 100,000 stock options (or warrants) outstanding the entire year. Each option allows its holder to purchase one share of common stock at $15 per share. The average market price of Bird's common stock during 2019 is $20 per share. Compute diluted EPS.

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