8. The Fitness Studio, Inc.'s, 2015 income statement lists the following income and expenses: EBIT = $776,000, interest expense = $150,000, and taxes = $219,100. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2015 earnings per share.

9. You have been given the following information for Corkys Bedding Corp.:

a.	Net sales = $12,050,000.
b.	Cost of goods sold = $8,500,000.
c.	Other operating expenses = $210,000.
d.	Addition to retained earnings = $1,080,000.
e.	Dividends paid to preferred and common stockholders = $355,000.
f.	Interest expense = $900,000.
	The firms tax rate is 30 percent.

Calculate the depreciation expense for Corkys Bedding Corp