1. Consider the balance-sheet entries for War Eagle Corporation in Table P2.1 (a) Compute the firm's Current assets: S_ Current liabilities: $ Working capital: S Shareholders' equity: $ (b) If the firm had a net income of $750,000 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 Marketable securities Accounts receivables Inventories Prepaid taxes and insurance Manufacturing plant at cost S 500,000 S 750,000 $ 250,000 S 150,000 S 150,000 S 750,000 $ 100,000 $ 650,000 $ 100,000 Less accumulated depreciatiorn Net fixed assets Goodwill Liabilities and shareholders equity. S 500,000 $ 650,000 S 200,000 200,000 Preferred stock, 6%, $100 par value (1000 shares) | $ 100,000 S 150,000 S 500,000 $ 250,000 Notes payable Accounts payable Income taxes payable Long-term mortgage bonds Common stock, $15 Capital surplus Retained earnings par value (10,000 shares)