83,000 8. A corporation has the following stockholders'equity accounts at the end of the current fiscal year, after 2,000,000; Paid-In Capital in Excess all closing entries have been posted: Common Stock, $10 par,S of Par-Common Stock, $375,000, Paid-In Capital from Treasury Stock, $18,000; Retained Earnings S1,285,000. The earnings for the current year, during which there were no unusual items, were $350,000 (a) (b) Compute the earnings per share of common stock. Assuming that the market price of the common stock at the end of the current fiscal year was $63, compute the price-earnings ratio