The financial statements for Highland Corporation included the following selected information:

Common stock	$	990,000
Retained earnings	$	720,000
Net income	$	1,140,000
Shares issued		99,000
Shares outstanding		79,000
Dividends declared and paid	$	740,000

The common stock was sold at a price of $27 per share.

1. What is the amount of additional paid-in capital?

2. What was the amount of retained earnings at the beginning of the year?

3. How many shares are in treasury stock?

4. Compute earnings per share. (Round your answer to 2 decimal places.)