Submarine Corp. earned net income of $95,200 and paid the minimum dividend to preferred stockhclders for 2016. Assume that there are no changes in common shares outstanding. Submarine's books include the following figures: EEB (Click the icon to view the figures.) Requirements 1 Compute Submarine's EPS for the year. 2. 2 Assume Submarine's market price of a share of common stock is $7 per share. Compute Submarine's price/earnings ratio. Requirement 1. Compute Submarine's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2016. (Abbreviations used: Ave. -average, Os-outstanding, SE stockholders' equity, shrs shares. Enter the eamings per share to the nearest cent.) Eamings per share