1. Shamrock Company had net income of $30,000. The weighted average common shares outstanding were 8,000. The company sold 3,000 shares before the end of the year. There were no other stock transactions. The company's earnings per share is: A. B. C. D. E $3.75. $3.00. $3.33. $10.00 $3.16 2. A company had a beginning balance in retained earnings of 543,000. It had net income of $6,000 and paid out cash dividends of S5,625 in the current period. The ending balance in retained earnings equals: A B. C. D. $54,625 $42,625 $11,625 $43,375 $49,000 E