Problem 2-2 The Arsen Co. earned $600,000 last year. The company had 100,000 shares outstanding on January 1, sold 6,000 shares on July 1 and sold 9,000 shares on October 1. The Arsen Co. stock sells for $50 per share. Calculate the EPS. Problem 2-3 David Company earned $300,000 last year. The company had 5,000 shares of common stock outstanding on January 1, sold 7,000 shares on May 1 and sold 5,000 shares on October 1. Calculate the EPS for David.