Following are the operating data for an advertising firm for the year ended December 31, 2003. Reventieserins prin tn. tyatens fen aheaeeekimae.: SUPPlieSiEXPENSE Aare noite siete. see des creer pas SalatieSKexDOMSe sian ticity asus tied achat RENteXPeMSer o.5 2 05) oo veuF ene hruemaedoyeteks sur scenes Aaiministrativevexpense: cn riac cia fetste cele ales Income taxes (30% of income before taxes).... . For 2003, determine: 1.

Income before taxes.. S%5°' Income taxes. (Spo 3( 4s5e De 3.

Net income. 4 $175,000 ws 45,000 70,000 1,500 Earnings per share (EPS), assuming there are 15,000 shares of stock outstanding.