The financial statements for a company included the following information: Common Stock $1,750,000 Retained Earnings $950,000 Net Income $1,250,000 Shares Issues 110,000 Shares Outstanding 90,000 Dividends Declared and Paid $900,000 The common stock was sold at a price of $30 per share. Complete the following:
(a) What is the amount of capital in excess of par?
(b) What was the amount of retained earnings at the beginning of the year?
(c) How many shares are in treasury stock?
(d) Compute earnings per share.