Please show steps.

Use another scenario to determine how the earnings per share will change if net income is $375,000.

P3-3 Modified: If the Marifield Steel Fabrication Company earned $450,000 in net income and paid a cash dividend of $300,000 to its common stockholders, what are the firms earnings per share if the firm has 100,000 shares of common stock outstanding? How does the earnings per share change if net income is only