On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 29,000 shares of 6%, $50 par, cumulative preferred stock outstanding. On February 28, 2021, Brisbane purchased 23,000 shares of common stock on the open market as treasury stock paying $39 per share. Brisbane sold 5,900 treasury shares on September 30, 2021, for $44 per share. Net income for 2021 was $179,905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 49,000 common shares at $39. The market price of the common shares averaged $49 during 2021. Required:
Compute Brisbane's basic and diluted earnings per share for 2021.

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)