Domanico Co., which produces and sells biking equipment, is financed as follows:

Bonds payable, 6% (issued at face amount)..........$5,000,000

Preferred $2.00 stock, $100 par..........................5,000,000

Common stock, $25 par....................................5,000,000

Income tax is estimated at 40% of income.

Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is

(a) $600,000,

(b) $800,000,

(c) $1,200,000.