Use the following balance sheet and income statement information to calculate the Earnings per share.

Use the following balance sheet and income statement information to calculate the Earnings per share.

Current assets         $ 8,000     Net income             $ 9,000

Current liabilities          4,000     Stockholders equity  27,000

Average assets         40,000      Total liabilities             5,000

Total assets               30,000 

Average common shares outstanding was 10,000