Recher Corporations common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the companys balance sheet for several years. The total stockholders equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share. The companys earnings per share is closest to: Multiple Choice $0.30 per share $0.45 per share $0.19 per share $7.37 per share

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