1. In 20X6, Vines Inc. (Vines) purchased 40% of the common shares of Bottles Inc. (Bottles). At that time, there were no fair value differentials. In 20X7, Vines sold inventory to Bottles for $80,000. $25,000 of this remained at the end of the year. Bottles sold this inventory in 20X8. Also during 20X8, Vines sold additional inventory to Bottles for $60,000, of which $30,000 remains in inventory. Vines earns a 30% gross profit on the sales of its inventory. Both companies pay income tax at 25%. During 20X8, Bottles had net income of $200,000. 
2. What is the amount of earnings per share reported by Vines in 20X8?