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Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional...

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Accounting

Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional

2,500 shares on June 1. There was no preferred stock, and net income was $124,700. How much

is diluted earnings per share for the calendar year?

A. $12.47

B. $13.92

C. $14.25

D. Diluted EPS is not applicable because of the simple capital structure.

E. None of these.

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