1) If there are 10,000 shares of common stock outstanding, what is Able Industries' earnings per share? $2.80 $150.00 $1.15 $39.75 $1.75 Bal Total Liahilities: $250,000 Stockholders' Bquity: Gommon stock Retained eamings $175,000S105,000 Total Stockholders' Equity. S280,000 Total I iabilities and Stockholders' Equity: \( \lcm{\$ 530,000} \) Able Industries Income Statement Year Ending December 31, 2016 Sales Revenue: Cost of Revenue Grows Profit $$$1,500,000450,0001,050,000 Operating Expenyes Operating lucome $$520,000530,000 Income Taxes Net lncome