Metal Inc. has 6,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts:

Sales revenue $90,000

General and administrative expense $9,500

Interest expense $3,500

Depreciation expense $6,000

Utilities $4,750

Cost of goods sold $53,000

Calculate:

(a) gross profits.

(b) operating profits.

(c) profits before taxes.

(d) net profits after taxes (assume a 40 percent tax rate).

(e) earnings per share (EPS)