Please explain how to record the Earnings per share (all steps).

M4-8 Reporting an Income Statement with Earnings per Share LO4-2 Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared. However, 700 shares ($0.10 par value per share) issued at the end of the year for $3,000 are included below Debit Credit $ 1,630 2,320 160 1,630 3,000 15,300 Interest receivable Prepaid insurance Notes receivable (long-term) Equipment Accumulated depreciation Accounts payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (820 shares) Additional paid-in capital Retained earnings Sales revenue Interest revenue Rent revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total $ 2,900 2,360 3,860 2,540 420 82 3,438 4,010 37,350 140 660 18,400 1,770 410 700 9,700 2,740 57.760 57.760