Question: Below is select information from VC United income statement. At the end of Year 1, the weighted average number of common shares outstanding was 140,000.

Below is select information from VC United income statement. At the end of Year 1, the weighted average number of common shares outstanding was 140,000.

Income Statement, End of Year 1Sales$1,022,000Cost of goods sold816,000Operating expenses96,000Tax expense23,000

I need help calculating earnings per share for VC United.

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