P 4-7 The following information applies to Bowling Green Metals Corporation for the year ended December 31, 2012: Total revenues from regular operations $832,000 Total expenses from regular operations 776,000 Extraordinary gain, net of applicable income taxes 30,000 Dividends paid 20,000 Number of shares of common stock outstanding during the year 10,000 Required Compute earnings per share before extraordinary items and net earnings. Show how this might be presented in the financial statements.