Required information P4-8 (Algo) Inferring Year-End Adjustments, Computing Earnings per Share and Total Asset Turnover, and Recording Closing Entries LO4-1, 4-3, 4-4 [The following information applies to the questions displayed below.] Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31. Following are the correct balances at December 31 for the accounts both before and after the adjusting entries. Trial Balance, December 31 of the current Year Before After Adjusting Entries Adjustments Adjusting Entries Items Debit Credit Debit Credit Debit Credit a. Cash $ 14,300 $ 14,388 b. Accounts receivable 450 C. Prepaid insurance 568 d. Equipment 169,780 169,780 e. Accumulated depreciation, equipment 41,800 47,eee f. Income taxes payable 1,948 g. Connon stock and additional paid-in capital 184, eee 184, eee h. Retained earnings, January 1 20,600 20,600 i. Service revenue 73,888 74,250 j. Salary expense 55,280 55,280 k. Depreciation expense 5,200 1. Insurance expense m. Income tax expense 1,940 $ 240,200 $ 240, 280 $ 247,790 $ 247,790 840 $ $ 280 P4-6 Part 3 3. Compute earnings per share, assuming that 3.300 shares of stock are outstanding all year. (Round your answer to 2 decimal places.) Earnings per share