The ledger of Jean Sartre Corporation at December 31. 2006. contains the following summary information.

The income tax rate for all items is 30%. Sartre Corp. had 10.000 shares of common stock outstanding throughout the year, and the company paid $15,000 in dividends during 2006.
Instructions Compute earnings per share for 2006.

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Administrative expenses $116,000 Other expenses and losses $34.700 Cost of goods sold Net sales 409.200 Other revenues and gains 17.500 696,000 Selling expenses 98,600