The capital structure of Glam Marketing Inc. at December 31,2022 , included 52,000$0.75 preferred shares and 82,000 common shares. The 52,000 preferred shares were issued in 2012 . Common shares outstanding during 2023 were 78,000 January through April and 88,000 May through September. A 5 percent share dividend was paid on October 1 . Income from continuing operations during 202 was $131,000. The company discontinued a segment of the business at a gain (net of tax) of $9,900. The Glam Marketing Inc. board of directors restricts $129,000 of retained earnings for contingencies Required 1. Compute and report Glam Marketing Inc.'s earnings per share at the end of 2023. Start with income from continuing operations. Income of $131,000 is net of income tax. 2. Show two ways of reporting Glam Marketing Inc.'s retained earnings restriction. Retained Earnings at December 31,2022 , was $145,500, and total contributed capital at December 31,2023 , is $379,000. The company declared dividends of $54,500 in 2023. Requirement 1. Compute and report Glam Marketing Inc.'s earnings per share at the end of 2023. Start with income from continuing operations. Income of $131,000 is net of income tax. (Calculate a separate EPS for each line. Addition of the EPS may not result in the correct solution due to rounding. Round EPS amounts to the nearest cent.)