Bedard Corporation reported net income of $399,330 in 2014 and had 219,000 shares of common stock outstanding throughout the year. Also outstanding all...

Bedard Corporation reported net income of $399,330 in 2014 and had 219,000 shares of common stock outstanding throughout the year. Also outstanding all year were 52,500 options to purchase common stock at $12 per share. The average market price of the stock during the year was $15.

Compute diluted earnings per share