At December 31, 2009, the general ledger of Main Street Marketing had the following account balances. All adjusting entries (except for income taxes at 40%) have been made. The company had 9,000 shares of common stock outstanding during the year.

Accounts payable $7,340

Accounts receivable $12,980

Accrued liabilities $22,500

Accumulated depreciation $14,980

Advertising expense $8,777

Cash $7,980

Common stock $28,000

Cost of goods sold $118,922

Depreciation expense $11,254

Equipment $78,700

Loss of sale of land $7,900

Interest expense $1,980

Merchandise $22,990

Land $50,000

Retained earnings $37,091

Sales revenue $311,200

Utilities expense $6,350

Wages expense $71,245

a. What is the amount of gross profit? (show computations)

b. What is the amount of operating income? (Show computations)

c. What is the amount of pretax income? (show computations)

d. What is the amount of net income? (show computations)

e. What are the earnings per share? (show computations)