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The 2020 and 2021 balance sheets for Pharoah Manufacturing Company appear below along with selected financial information. Pharoah declared no dividends during either year,and had

The 2020 and 2021 balance sheets for Pharoah Manufacturing Company appear below along with selected financial information. Pharoah declared no dividends during either year,and had 1,000 shares of stock outstanding throughout each year.

2021

2020

Current Assets

Cash

$22,000 $20,979

Accounts receivable, net

26,000 25,101

Inventory

35,000 34,000

Total current assets

83,000 80,080

Plant & equipment, net

66,000 45,920

Total assets

$149,000 $126,000

Current liabilities

$26,000 $36,000

Noncurrent liabilities

66,000 46,000

Total Liabilities

92,000 82,000

Stockholders equity

Common stock

8,000 8,000

Additional paid-In capital

10,000 10,000

Retained earnings

39,000 26,000

Total stockholders equity

57,000 44,000

Total liabilities and stockholders equity

$149,000 $126,000

Calculate earnings per share for 2021.

Earnings per share $enter Earnings per share in dollars

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