The following information is available for WMT Stores for the year ending December 31. 2024: 2,500 shares of $80 par value, 10% preferred stock outstanding 50,000 shares of $10 par value common stock outstanding on January 1 and 150,000 shares of $10 par value common stock outstanding on December 31 Net income for the current year was $500,000. Earnings per share was