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Chad Corporation had 100,000 shares of commons stock outstanding on January 1, 2017.On January1, 2017 Chad purchased 5,000 shares of its own common stock to

Chad Corporation had 100,000 shares of commons stock outstanding on January 1, 2017.On January1, 2017 Chad purchased 5,000 shares of its own common stock to fund a stock option plan for itsexecutives. On December 31, 2017 Chad announced a 3 to 1 stock split. Chad's net income for 2017was $400,000. How much should Chad report as earnings per share for 2017?

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