The following information applies to Bowling Green Metals Corporation for the year ended December 31, 2010:

Total revenues from regular operations

$832,000

Total expenses from regular operations

776,000

Extraordinary gain, net of applicable income taxes

30,000

Dividends paid

20,000

Number of shares of common stock outstanding during the year

10,000

Required

Compute earnings per share before extraordinary items and net earnings. Show how this might be presented in the financial statements.