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** *** *** Zemi Appliances, a publicly traded company, had the following activity during 2020:...

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** *** *** Zemi Appliances, a publicly traded company, had the following activity during 2020: (i) Revenues were $6,250,250 and expenses were $5,968,211. (ii) The Company's common stock was affected by the following activity: On January 1, common shares: 200,000 b. On April 30, purchased shares: 50,000 d. On October 31, issued shares of common stock 10,000 a. (iii) There were 20,000 call options at December 31, 2020. The options are exercisable at $30 and Zemi Appliances' average share price during the year was $40. (iv) Zemi Appliances has no preferred stock. 4. Compute Zemi Appliances' Diluted Earnings-Per-Share for 2020. (25 points)

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