*Pleases SHOW HOW TO SOLVE this Shull Corporation's most recent balance sheet and income statement appear below: Shull corporation statement of Financial position December 31, Year 2 and Year 1 (dollars in thousands) Current assets....................................Year 2.....Year 1 Cash................................................$ 180......$ 150 Accounts Receivable.............................200.........190 Inventory............................................140.........140 Prepaid expenses.................................100.........90 = Total current assets..............................620.........570 Plant & equipment, net..........................780.........800 = Total assets.....................................$1,400.....$1,370 Current liabilities: Accounts payable................................$ 110......$ 130 Accrued liabilities...................................80..........70 Notes payable, short term.......................60..........60 = Total current liabilities...........................250.........260 Bonds payable......................................220.........240 = Total liabilities......................................470.........500 Stockholders' equity: Preferred stock, $100 par value, 5%..........200..........200 Common Stock, $2 par value....................400...........400 Additional paid-in capital--common stock...100...........100 Retained earnings...................................230...........170 = Total stockholders' equity........................930...........870 = Total liabilities & stockholders equity......$1,400.......$1,370 Shull Corporation Income Statement For the Year Ended December 31, Year 2 (Dollars in thousands) Sales (all on account)....................$1,130 Cost of goods sold..........................700 = Gross margin..................................430 Selling and administrative expense....244 = Net operating income.......................186 Interest expense.............................29 = Net income before taxes..................157 Income taxes (30%)........................47 = Net income..................................$110 Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock total $10 thousand. The market price of common stock at the end of the year 2 was $9.80 per share. ***Earnings per share(of common stock)