The balance sheets at the end of each of the first two years of operations indicate the following: Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par.common stock Retained earnings 2017 $600,000 60,000 900.000 125.000 350.000 100,000 600.000 60,000 325.000 2016 S560,000 40,000 700,000 80,000 250,000 100,000 600,000 60,000 210,000 11 Based on the above information, if net income is $130,000 and interest expense is $40,000 for 2017, what are the earnings per share on common stock for 2017, 12 Using your calculation from 13, calculate the price earnings ratio when the market price is for a common share of stock is trading at $40 per share. 13 Indicate whether each of the following costs of a cabinet manufacturer would be classified as direct materials cost, direct labor cost, factory overhead cost, or period cost. Select using the drop down list provided a. Plant manager's salary b, Office administrative assistant's salary c. Depreciation on factory equipment d. Rent on office building e. Varieties of wood f. Varnish for coating cabinets g. Utilities cost on the factory h. Cabinet assembly worker's salary i. Advertising costs j. Screws and glue used in assembly process