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The records of Eureka Gold Company reveal the following capital structure as of December 31,...

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Accounting

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The records of Eureka Gold Company reveal the following capital structure as of December 31, 2014. s9 preferred stock, $100 par, 5,000 shares issued and outstanding. $500,000 Additional paid-in capital on preferred stock 110,000 Common stock, $10 par, 175,000 shares issued and outstanding. 1,750,000 Additional paid-in capital on common stoc. 550,000 Retained earnings. 778,000 To stimulate work incentive and to bolster trade relations, Eureka Gold on May 1, 2015, issued stock options to selected executives, credit ors, and others allowing the purchase of 32,000 shares of common stock for $26 a share. Market prices for the stock at various times during 2015 were: Option issuance dat.... $24 Average for the year... 62 on preferred stock was paid during the year, and there are no dividends in arrears at year-end. There are no other capital transactions during the year. Net income for 2015 was $589,000 Instructions: Compute basie and diluted EPS for 2015

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