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2.. At December 31, 2021. Larsen Corporation had 50,000 shares of common stock and 5,000 shares of 8% 100 par cumulative preferred stock outstanding. No

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2.. At December 31, 2021. Larsen Corporation had 50,000 shares of common stock and 5,000 shares of 8% 100 par cumulative preferred stock outstanding. No dividends were declared or paid in 2021. Net income was reported as $200,000. What is basic EPS? A. $4.00 B. $3.20 C. $3.64. D. $3.40

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