Plz show all the steps/work On December 31,2017, Brisbane Company had 100,000 shares of common...

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Accounting

Plz show all the steps/work On December 31,2017, Brisbane Company had 100,000 shares of common stock outstanding and 29,000 shares of 6%,$50 par, cumulative preferred stock outstanding. On February 28,2018, Brisbane purchased 23,000 shares of common stock on the open market as treasury stock paying $39 per share. Brisbane sold 5,900 treasury shares on September 30,2018, for $44 per share. Net income for 2018 was $179,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 49,000 common shares at $39. The market price of the common shares averaged $49 during 2018.
Required:
Compute Brisbane's basic and diluted earnings per share for 2018.(Round
your answers to 2 decimal places.)
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