The following information for Automotives Ltd. covers the year ended 2019: Administrative expense $62,000, Dividend income $10,000, Income taxes $100,000, Interest expense $ 20,000, Merchandise inventory (1/1) $ 650,000, Merchandise inventory (12/31) $ 440,000, Flood loss (net of tax) $ 30,000, Purchases $ 460,000, Sales $ 1,000,000 and Selling expenses $ 43,000. Assuming that 100,000 shares of common stock are outstanding, calculate the earnings per share.*