The net income of Foster Furniture, Inc., amounted to $1,920,000 for the current year. Assuming that the shares of capital stock outstanding throughout the year consisted of: 1. 400,000 shares of $1 par value common stock and no preferred stock. 2. 100,000 shares of 8 percent, $100 par value preferred stock and 300,000 shares of $5 par value common stock. a. Compute the amount of earnings per share. 1. Earnings per share? 2. Earnings per share