On January 1, 20×1, Wilk Corp. had 480,000 shares of common stock outstanding. During 20×1, it had the following transactions that affected the…
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II. Venz Company’s net income for 20×1 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issued during 20×0, each exercisable for one share at $6. None has been exercised, and 10,000 shares of common were outstanding during 20×1. The average market price of Venz’s stock during 20×1 was $20.
Compute diluted EPS for 20×1.

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