Question - Leland Corporation began the year with 150,000 shares of common stock out- standing. On March 1 an additional 10,000 shares of common stock were issued. On August 1, another 16,000 shares of common stock were issued. On November 1, 6,000 shares of common stock were acquired as Treasury Stock. Leland Corporation's net income for the calendar year is $516,000.
Required - Calculate the company's earnings per share.