Using the information from Practice Exercise 13-7, determine the earnings per share for Toys Unlimited Corp., assuming the following capital structure existed at year-end and no common shares were issued or repurchased throughout the year:

 Contributed capital: 

$3 preferred shares, 100,000 issued and outstanding……………………     $ 5,000,000

Common shares, 1,150,000 issued and outstanding ……………………       11,500,000