The 2016 financial statements for Inland Supply, Inc, show total assets of $572,000, total liabilities of $322,500, net sales of $1.276,000, net e of $191,400, income from operations of s227,600, cost of goods sold of $743,600, dividends of $24,600, and interest expense of $18,700. Total assets and total liabilities for 2015 were $513,000 and $314,500, respectively. The market price per share was of 2016, and there were 50,000 and 60,000 shares of common stock outstanding in 2015 and 2016, respectively, Compute the for 2016. Round answers to two decimal places 1. Earnings per share 2. Price-earnings ratio (Abbreviations used: Avg. Average, EBIT Earnings before interest and taxes, Ors Outstanding.) $34 at the end following ratios 1. Compute the earnings per share for 2016. Select the formula needed to determine this amount and then enter the amounts to calculate the eamings per share. (Round your answer to the nearest cent, X.XX.)