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On January 1, 2018, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2018: March 1: Reacquired 3,500 shares, accounted

On January 1, 2018, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during 2018:

March 1: Reacquired 3,500 shares, accounted for as treasury stock.
September 30: Sold all the treasury shares.
December 1: Sold 12,500 new shares for cash.
December 31: Reported a net income of $302,750.

What is Algerian Deliverys earnings per share for the year ending in December 31,2018

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