2-12 Johnson Alarm Systems had $800,000 of retained earnings on December 31, 2013. The company paid dividends of S60,000 in 2013 and had retained earnings of $640,000 on December 31, 2012. How much did Johnson eam during 2013, and what would earnings per share be if 50,000 shares of common stock were outstanding? (Earnings $220,000; EPS= $4.40)