Current maturity of long-term debt 3,000 4,000 Accrued payables 150,000 160,000 Total current liabilities $640,300 $670,230 Long-term liabilities: Bonds payable, 9% 300,000 300,000 Total liabilities $940,300 $970,230 Stockholders' equity: Preferred stock, $25 par, 8% $500,000 $500,000 Common stock, $1.00 par 150,000 150,000 Additional paid-in capital 2,500,000 2,500,000 Retained earnings 1,205,500 1,437,570 Total stockholders' equity $4,355,500 $4,587,570 Total liabilities and stockholders' equity $5,295,800 $5,557,800 * For common stock only. Required: 1. Compute the number of common shares. shares 2. Compute earnings per share. Round your answer to two decimal places