The Following Information Is Available from the Balance Sheets at the End

The following information is available from the balance sheets at the end of 2018 and 2017 for Kitchen Equipment Company.
?
$$\begin{array} { l r r } & \underline{\mathbf { 2 0 1 8 }} & \underline{\mathbf { 2 0 1 7 }} \\ \text { Accounts payable }& \$ 120,000 & \$ 100,000 \\\text { Accrued liabilities } & 35,000 & 30,000 \\\text { Taxes payable } & 40,000 & 10,000 \\\text { Short-term notes payable } & 0 & 80,000 \\\text { Bonds payable due within next year }& 300,000 & 100,000 \\\text { Total current liabilities } & \underline{ \$ 495,000} & \underline{\$ 320,000} \\\text { Bonds payable } & \underline{\$ 600,000} & \underline{\$ 500,000 }\\\text { Common stock, } \$ 5 \text { par }& \$ 800,000 & \$ 800,000 \\\text { Retained earnings } & \underline{ \$ 200,000 }& \underline{\$ 100,000} \\ \text { Total stockholders' equity } & \$ 1,000,000 & \$ 900,000 \\\text { Total liabilities and stockhol ders' equity }& \underline{\$2,095,000}& \underline{\$1,720,000}\end{array}$$ Net income for 2018 and 2017 was $120,000 and $460,000,respectively.No stock was issued during either year.Answer the following:
A) How many shares of stock are outstanding at the end of 2018 ?
B) If a company has preferred stock, why are preferred dividends subtracted when computing earnings per share?
C) What is the amount of earnings per share for the year ended December 31,2018 ?
D) Explain what information is provided with earnings per share.