The ledger of Geneva Corporation at December 31, 1997 contains the following summary information:

The income tax rate for all items is \(30 \%\). Geneva had 10,000 shares of common stock outstanding throughout the year, and the company paid \(\$ 15,000\) in dividends during 1997.

\section*{Instructions}
Compute earnings per share for 1997.

Transcribed Image Text:

Other expenses and losses $34,700 409,200 Other revenues and gains 17,500 682,000 Selling expenses 98,600 Administrative expenses Cost of goods sold Net sales $112,000