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Blossom Corporation purchased Bridgeport Inc. and agreed to give stockholders of Bridgeport 49800 additional shares...

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Accounting

Blossom Corporation purchased Bridgeport Inc. and agreed to give stockholders of Bridgeport 49800 additional shares in 2027 if Bridgeport's net income in 2026 is $598000 or more; in 2025 Bridgeport's net income is $619000. Blossom has net income for 2025 of $1497000 and an average number of common shares outstanding of 508000 shares. What should Blossom report as earnings per share for 2025?

Basic Earnings Per Share Diluted Earnings Per Share $2.68 $2.95 $2.68 O $2.68 O $2.68 $2.95 $2.95 $2.95

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