In its financial statements for the year ended January 31, 2003, Met-Pro disclosed the following:
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Net income Earnings per share:
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$5,888,379
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Basic
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$0.95
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Diluted
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$0.95
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"Met-Pro . . . manufactures and sells product recovery/pollution control equipment for purification of air and liq- uids, and fluid handling equipment for corrosive, abrasive, and high temperature liquids." 10-K
Common stock: $0.10 par value 18,000,000 shares authorized 7,226,303 shares issued 1,009,934 shares held in treasury Treasury stock at cost $12,036,835
On September 17, 2003, the Board of Directors declared a four-for-three split, effected in the form of a stock distribution, payable on October 15, 2003, to shareholders of record on October 1, 2003. The Company retained the current par value of $0.10 per share for all common shares.
Required:
a. For the following items, indicate the amount disclosed on the January 31, 2004, statements for the year ended January 31, 2003.
1. Net income
2. Earnings per share
a. Basic
b. Diluted
3. Common stock
a. Par value
b. Shares authorized
c. Shares issued