10). Dawson Corporation had prot of $120,000. Dawson paid $20,000 in dividends to the preferred shareholders and $40,000 in dividends to the common shareholders. Dawson had 15,000 preferred shares and 50,000 common shares issued all year. Earnings per share is: a. $1.20. b. $2.00. 0. $1.85. (1. $2.40