1. Consider the balance-sheet entries for War Eagle Corporation in Table P2.1. a. Compute the firm's Current assets: $ Current liabilities: $ ls Working capital: $. Shareholders' equity: $. b. If the firm had a net income of $500,000 after taxes, what is the earnings per share of common stock? C. When the firm issued its common stock, what was the market price of the stock per share? Balance Sheet Statement as of December 31, 2009 Assets: Cash $ 150.000 Marketable securities 200.000 Accounts receivables 150.000 Inventories 50.000 Prepaid taxes and insurance 30,000 Manufacturing plant at cost Less accumulated depreciation Net fixed assets 500,000 Goodwill 20.000 Liabilities and shareholders' equity: Notes payable 50.000 Accounts payable 100.000 Income taxes payable 80,000 Long-term mortgage bonds 400.000 Preferred stock, 6%, S100 par value (1000 shares) 100,000 Common stock, S15 par value (10,000 shares) 150,000 Capital surplus 150,000 Retained earnings 70.000