8.

During the year ended December 31, 2014, Gluco, Inc., split its stock on a 4-for-1 basis. In its annual report for 2013, the firm reported net income of $916,900 for 2013, with an average 232,300 shares of common stock outstanding for that year. There was no preferred stock.

Required:

a.

What amount of net income for 2013 will be reported in Gluco's 2014 annual report?

Net income: _________________

b.	Calculate Gluco's earnings per share for 2013 that would have been reported in the 2013 annual report. (Round your answer to 2 decimal places.) Earnings Per share: ___________________