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 $500,000 on December 31, 2009. (a) How much did Quantum Technology earn during 2010? (Omit the "$" sign in your response.) Earnings available to common stockholders $ (b) What would earnings per share be if 40,000 shares of common stock were outstanding? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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