For 2012, Ganos Corporation reported net income $26,000; net sales $400,000; and average shares outstanding 4,000. There

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For 2012, Ganos Corporation reported net income $26,000; net sales $400,000; and average shares outstanding 4,000. There were preferred stock dividends of $2,000. What was the 2012 earnings per share?

(a) $6.00

(c) $99.50

(b) $6.50

(d) $100.00

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