2-4: ABC Corp provides you with the following data: sales is $500,000, operating profits is $300,000, interest expense is $25,000, net income is $100,000, common stock (par) is $10,000, paid-in-capital in excess of par is $210,000, and the total number of common shares outstanding is 10,000.

1. Given the above, and assuming no flotation costs, what was the price of a share of common stock when it was sold?

Assuming no preferred stock, what are the earnings per share?