Calculate earnings per share for Groom Corporation for the year ended December 31, 2001. 9. Binji Company had net income of $862,500 for the year ended December 31, 2001. At the beginning of the year there were 200,000 common shares authorized, and 75,000 shares issued. In addition, during 2001, the company declared and paid a dividend of $12 per share on its 10,000 preferred shares.