luclus uelared $28,000. Prepare the company's statement of were retained earnings for the year ended December 31, 2018. E13-37 Computing earnings per share and price/earnings ratio Lear Rocket Corp. earned net income of $153,040 and paid the minimum dividend to pre- ferred stockholders for 2018. Assume that there are no changes in common shares outstanding during 2018. Rocket's books include the following figures: Preferred Stock-696, $60 par value; 2,000 shares authorized, 1,000 shares issued and outstanding Common Stock-$5 par value; 80,000 shares authorized, 48,000 shares issued, 46,700 shares outstanding Paid-In Capital in Excess of Par-Common Treasury Stock-Common; 1,300 shares at cost $ 60,000 240,000 470,000 (26,000) Requirements Compute Rocket's EPS for the year. Assume Rocket's market price of a share of common stock is $12 per share. Compute Rocket's price/earnings ratio. 1. 2. E13-38 Computing rate of return on common stockholders' equity alle Exploration Company reported these figures for 2018 and 2017: 2017 Lea LaS 2018