Colt Corporation purchased Massey Inc. and agreed to give stockholders of Massey Inc. 50,000 additional shares in 2020 if Massey Inc.'s net income in 2019 is $600,000 or more; in 2018 Massey Inc.'s net income is $615,000. Colt has net income for 2018 of $1,500,000 and has an average number of common shares outstanding for 2018 of 500,000 shares. What should Colt report as earnings per share for 2018?Basic EarningsPer Share...Diluted Earnings Per Share1. $3.00...$3.002. $2.73...$2.733. $2.73...$3.004. $3.00...$2.73