complete the problems by using Excel formulas

P.1: Income Statement (LO1) Frantic Fast Foods had earnings after taxes of $420,000 in the year 201 with 309,000 shares outstanding. On January 1, 20X2, the firm issued 20,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 30 percent. a. Compute earnings per share for the year 201. b. Compute earnings per share for the year 202. P-2: Income statement (LO1) Sosa Diet Supplements had earnings after taxes of $800,000 in the year 20x1 with 200,000 shares of stock outstanding. On January 1, 20x2, the firm issued 50,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 30 percent. a. Compute earnings per share for the year 201. b. Compute eamings per share for the year 202