Mississauga Mining Co. made a net income of $25 million in 2007, after the deduction of amortization expense of $8 million, interest of $5 million and taxes of $10 million. During 2007, it issued new shares for $15 million and used the proceeds to repay loans of $10 million; the remainder went into the bank's current account. The retained earnings brought forward at the start of 2007 were $60 million. There were 125,000 ordinary shares in issue at the end of 2007. The earnings per share were $520 $480 $400 $200 none of 3 points