The following pretax amounts pertain to the Baucom Corporation for the year ended December 31, 2011.

Sales- $400,000

Operating Exp - $84,000

Extraordinary Gain- $30,000

Interest Exp- $4,000

COGS- $200,000

Gain on sale of equipment- $10,000

Gain on disposal of business component- $40,000

Retained Earnings, January 1, 2011- $1,600,000

Dividends Declared- $12,000

The effective corporate tax rate is 30%. The company had 10,000 shares of common stock outstanding for the entire year.

1) Calculate Baucom Corporation's net income and EPS for the year ended December 31, 2011.