Last year Momcorp had an operating profit of 600000 and paid 50000 in interest expenses and 63000 in preferred stock dividends. The applicable income tax rate for the year was 34 percent. The company had 100000 shares of comon stock outstanding at the end of last year. A. What was the amount of Mocorps earnings per share last year? B. If the company paid 1.00 per share to its common stockholders, what was te addition to retained earnings last year? Use the comparative figures of Omni Consumer Products to answer problem. Also, compute Current Assets, Total Assets, Current Liabilities, Total Liabilities, and Total Stockholders Equity for the end of 2014 and 2015. Then show whethet the basic accounting equation is satisfied in the problem
Assets:	2014	2015
Cash	5534	9037
Marketable Securities	952	1801
Accounts Receivable (gross)	14956	16110
Less: Allowance for Bad Debts	211	167
Accounts Receivable (net)	14745	15943
Inventory	10733	11574
Prepaid Expenses	3234	2357
Plant and Equipment (gross)	57340	60374
Less: Accumulated Deprciation	29080	32478
Plant and Equipmen (net)	28260	27896
Land	1010	1007
Long Term Investments	2503	4743
Liabilities:
Accounts Payable	3253	2450
Notes Payable
Accrued Expenses	6821	7330
Bonds Payable	2389	2112
Stockholders Equity:
Common Stock	8549	10879
Retained Earnings	45959	51587