The following information applies to Bowling Green Metals Corporation for the year ended December 31, 2012:
Total revenues from regular operations ........... $ 832,000
Total expenses from regular operations ........... 776,000
Extraordinary gain, net of applicable income taxes ....... 30,000
Dividends paid ..................... 20,000
Number of shares of common stock outstanding during the year . 10,000

Required
Compute earnings per share before extraordinary items and net earnings. Show how this might be presented in the financial statements.