The Beemer Books Company accounting records include the following for 2010 (in thousands):
Other revenues............................................................................. $ 2,100
Income tax expense extraordinary gain ..................................... 1,440
Income tax expense income from continuing operations............ 4,840
Extraordinary gain....................................................................... 3,600
Sales revenue................................................................................ 107,000
Total operating expenses.............................................................. 97,000

Requirements
1. Prepare Beemer Books single-step income statement for the year ended December 31, 2010, including EPS. Beemer Books had 1,500 thousand shares of common stock and no preferred stock outstanding during the year.
2. Assume investors capitalize Beemer Books earnings at 6%. Estimate the price of one share of the company’s stock.