50. Trenton Company has provided the following information:

Net income, $210,000;

Preferred shares issued, 5,700;

Weighted average number of shares of common stock issued, 23,700;

Cash dividends declared and paid on common stock, $27,000;

Market price per share, $33;

Weighted average number of treasury shares of common stock, 3,700.

What is Trenton's earnings per share?

$8.86.

$7.66.

$10.50.

$7.78.