PROBLEM 2 The following is the stockholders' equity section of Green Grass, Inc. on December 31, 2018. Paid-In Capital: Preferred 2% stock, S50 par, cumulative (40,000 shares authorized) Paid-In Capital in Excess of Par- Preferred Stock 100,000 3,000,000 Common stock, $75 par (100,000 shares authorized) Paid-In Capital in Excess of Par-Common Stock 4,250,000 8,170,000 Total Paid-In Capital Retained earnings Less: Treasury stock, common (600 shares at cost) Total stockholders' equity 12.370.800 Green Grass, Ine. reported net income of $822,000 for the year ended December 31, 2018. Compute basic eanings per share for 2018 for Green Grass, Inc. Note: The number of common shares outstanding remained constant throughout the fiscal year Answer: (Show your work below.)