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

Common stock	$	1,380,000
Retained earnings	$	830,000
Net income	$	1,160,000
Shares issued		92,000
Shares outstanding		66,000
Dividends declared and paid	$	700,000

The common stock was sold at a price of $39 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.)