(Learning Outcome 4) Peterson Inc. provides the following information for the year 2017: $235,000 Net Income Market Price per Share of Common Stock $50 per share Dividends Paid Common Stock Outstanding on Jan. 1, 2017 120,000 shares Common Stock Outstanding on Dec. 31, 2017 200,000 shares $50,000 The company has NO preferred stock outstanding. Calculate the earnings per share for the year 2017. You MUST show your computations to receive full credit for this