[100791070]

Please help me find how to calculate the Earnings Per Share from the information below:

Formula: Profit-Prefferred Dividends Divided by Weighted Average of Common Shares (If not provided use number of shares sold)

1. financial statements of Columbia Ltd. for the year ended December 31, 20155: (26 marks)

... Accounts payable.. . $19,500
... Accounts receivable.. . 4,000
... Accumulated depreciation – equipment.. . 4,800
... Bonds payable.. . 18,000
... Cash.. . 22,000
... Common shares (1,500 shares issued).. . 25,000
... Cost of goods sold.. . 12,000
... Depreciation expense.. . 4,800
... Dividends.. . 300
... Equipment.. . 48,000
... Goodwill.. . 7,500
... Income tax expense.. . 1,000
Interest expense 3,500
... Market price per common share.. . $4.50
... Retained earnings, beginning.. . 16,000
... Salaries expense.. . 8,200
... Sales revenue.. . 32,500
... Supplies.. . 4,500

[paraclete]

First construct a P&L to determine earnings
Second determine the number of shares
The rest should be apparent