A firm has the following accounts and financial data for 2019:

Sales revenue

$8,400

Accounts payable

$300

Net fixed assets

$3,500

Interest expense

$125

Account receivables

$500

General and administrative expense

$200

Accumulated depreciation

$1,400

Cost of goods sold

$1,800

depreciation

$100

Salaries and wages

$300

Selling and marketing expense

$150

Common stock dividends

$100

Preferred stock dividends

$40

Tax rate

35%

Number of common shares outstanding

1,500

a) Use the suitable information from the table above to prepare the income statement for the year ended 2019.

b) Calculate Earnings per share.