How do you calculate earnings per share?

M4-8 Reporting an Income Statement with Earnings per Share LO4-2 Romnoy's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared. However, 640 shares ($0.10 par value por share) issued at the end of the year for $3,000 are included below DebitCredit Cash Accounts receivable Interest receivable Prepaid insurance S 1,510 270 2,990 Notes rece vable (ong-term) 6.300 Accumulated deprecaton Accounts payable Aecrued expenses payable Income taxes payable Uneamed rent revenue Common Stock (820 shares) Additional paid-in capital Retained eamings Sales revenue Interest revenue Rent revenue 5 2,880 2,320 3,910 2,800 260 3.528 5,070 37,250 130 880 Wages expense Depreciabon expense Utiites expense Insurance exponse Rent expense Income tax expense Total 18,500 1,750 350 760 9,700 2,730 Prcpare a multi-step income statement in good form for the current ycar. Include carnings per share. (Round your carnings per share to 2 decimal places.) Answer is not complete. For the current year Operating revenues: Sales revenue 37,250 Total operating revenues 37.250 Operating expenses: 18,500 Wages expense Depreciation expense Utlities expense Irsuranoe expense Rent expense 1.750 350 60 9.700 Total operating expenses 31,060 Other items: 130 Rent revenue 660 Pretax income Income taxes expense Net income Eamings per share 2,730 4.250 5.18