[The following information applies to the questions displayed below.]

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

Common stock	$	940,000
Retained earnings	$	750,000
Net income	$	1,190,000
Shares issued		94,000
Shares outstanding		67,000
Dividends declared and paid	$	690,000

The common stock was sold at a price of $35 per share.

E11-4 Part 4

4. Compute earnings per share