I need help with answering this question

10. Did you calculate the earnings per share (EPS)?

Is earnings per share required by the bank? If so, could you please compute the number for us?

Year 1 Solution HYDROMAINT, INC. BALANCE SHEET DECEMBER 31, 20X1 ASSETS CURRENT ASSETS Cash Accounts receivable, net of allowance for $ 2,020 doubtful accounts of $0 72,000 Supplies on hand 6,300 Prepaid insurance 2,600 Net operating loss tax benefit, net of valuation allowance of $1,898 (Note 3) 3,526 Total Current Assets 86,446 PROPERTY, PLANT, AND EQUIPMENT Equipment, net of accumulated depreciation of $7,000 28,000 Total Property, Plant, and Equipment 28,000 OTHER ASSETS License agreement 20,000 TOTAL ASSETS $134,446 LIABILITIES AND OWNERS' EQUITY LIABILITIES CURRENT LIABILITIES Accounts payable $ 15,900 Wages payable 13,100 Total Current Liabilities 29,000 Total Liabilities 29,000 OWNERS' EQUITY Common stock, PAR $10, 25,000 shares authorized, 12,000

shares issued and outstanding 120,000 Retained deficit (14,554) Total Owners' Equity 105,446 TOTAL LIABILITIES AND OWNERS' EQUITY $ 134,446