Sosa Diet Supplements had earnings after taxes of $1,160,000 in 20X1 with 359,000 shares of stock outstanding. On January 1, 20X2, the firm issued 61,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 33 percent. a. Compute earnings per share for the year 20X1. (Round your answer to 2 decimal places.) Earnings per share b. Compute earnings per share for the year 20X2. (Round your answer to 2 decimal places.) Earnings per share Precision Systems had sales of $1,230,000, cost of goods of $700,000, selling and administrative expense of $61,000, and operating profit of $164,000. Prepare an income statement for Precision Systems. Precision Systems Income Statement (partial) $ 0 $ 0 Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal places.) Sales Shares outstanding Cost of goods sold Interest expense Selling and administrative expense Depreciation expense Preferred stock dividends Taxes $1,400,000 185,000 550,000 22,000 45,000 34,000 89,000 113,000 Franklin Kite Company Income Statement