BSF Co., which produces and sells skiing equipment, is financed as follows:

Bonds payable, 10% (issued at face amount)$450,000Preferred 1% stock, $10 par450,000Common stock, $25 par450,000

Income tax is estimated at 60% of income.

Round your answers to the nearest cent.

a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $193,500.

b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $238,500.

c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $283,500.