Solve the below:
Q: Earnings per share and retained earnings Quantum Technology had $640,000 of retained earnings on December 31, 2010. The company paid common dividends of $30,000 in 2010 and had retained earnings of $500,000 on December 31, 2009. How much did Quantum Techno earn during 2010, and what would earnings per share be if 40,000 shares of common stock were outstanding?