The Bergeron Book Company’s accounting records include the following for 2012 (in thousands):
Other revenues ............................................................................. $ 1,500
Income tax expense—extraordinary gain ..................................... 640
Income tax expense—income from continuing operations............ 4,920
Extraordinary gain ....................................................................... 1,600
Sales revenue ................................................................................ 108,000
Total operating expenses.............................................................. 97,200

Requirements
1. Prepare Bergeron Book’s single-step income statement for the year ended December 31, 2012, including EPS. Bergeron Book had 800 thousand shares of common stock and no preferred stock outstanding during the year.
2. Assume investors capitalize Bergeron Book earnings from continuing operations at 8%. Estimate the price of one share of the company’s stock.