Question: Tools Add-ons Help All changes saved in Drive al text - Arial - 10 - BI VA CELE I E E- Problem 3 (15 points)

Tools Add-ons Help All changes saved in Drive al text - Arial - 10 - BI VA CELE I E E- Problem 3 (15 points) Show All Work Assume that the following data relative to Kane Company for 2019 is available Net Income: $2,500,000 Transactions in Common Shares Jan. 1, 2019, beginning number, 900,000 shares outstanding May 1, 2019, Purchase of 150,000 treasury shares August 1, 2019 Company declared and distributed a 20% stock dividend Oct. 1, 2019, Issuance of 200,000 shares Stock Options Wane Company has 20,000 stock warrants for a strike price of $20 a share outstanding Market value of the stock is $40 a share on December 31, 2019 REQUIRED Compute the basic earnings per share for 2019. (Round to the nearest penny.) MacBook Pro

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