compute the Earnings per share for this year and last year in dollars and cents

Comparative Balance Silver Year Last Year Assets Current assets: Cash . . . .. . 20.000 $ 150,000 Marketable securities 0 18,000 Accounts receivable. He $80.000 300,000 Inventory. 950.000 600.000 Prepaid expenses 20,000 22,000 Total current assets 1 520,000 1,090,000 Plant and equipment, her 1,480,000 1.370.000 Total assets $3,000,000 $2,460,000 Liabilities and Stockholders Equity Liabilities Current Habilities $ 800.000 $ 430.000 Bonds payable. 12% 600,000 600,000 Total liabilities 1.400.000 OOO OEO'I Stockholders equity Common stock. $15 pur 750.000 750.000 Retained earnings 850,000 680.000 Total stockholders equally 1,600.000 1,430.000 Total liabilities and stockholders equity $3.000,000 $2.460,000 Sabin E pairgrass Comparative Income Siberiant ard Reconcilation This Year Last Year Sales .. $5 000,DOO 54,350.000 Cost of goods sold 1875,000 3,450.000 Gross margin . . 1 185.000 900,000 Selling and administrative expenses 653 000 548.000 Net operating income 352,000 Interest expense . 72 900 72.000 Net income before taxes ,... 400.000 280,000 Income taxes (30%6) . ... 120,000 84,000 Net income 280,000 196,000 Common dividends 110,090 95.000 Net income retained ...... . . 170,000 101,000 Beginning retained earnings 680.000 579,000 Ending retained earnings 680.000 All sales were on account and account balances at the beginning of last year were: Accounts Receivable - $250,000 Inventory - $500,000