Assets: Cash Marketable securities Accounts receivables $ 150,000 200,000 Inventories Prepaid taxes and insurance 150,000 50,000 30,000 $ 600,000 Manufacturing plant at cost Less accumulated 100,000 depreciation Net fixed assets 500,000 Goodwill 20,000 Liabilities and shareholders' equity: Notes payable 50,000 Accounts payable 100,000 Income taxes payable 80,000 Long-term mortgage bonds 400,000 Preferred stock, 6%, $100 par value (1000 shares) 100,000 Common stock, $15 par value (10,000 shares) 150,000 150,000 Capital surplus Retained carnings 70,000 The balance sheet above was printed at the end of 2009. If in 2010 this company ended up earning a net income of $500,000 and did not issue any more shares (stock), what would be the earnings per share of common stock, if the company did not retain any earnings?