A company reports the following in relation to the year ended 30 June 2012: Number of ordinary shares issued at 1 July 2011: 10,000 Number of preference shares issued (paying an annual dividend of $2.00 per share): 800 On 1 April 2012 a further 1,000 ordinary shares were issued Net profit from ordinary activities, after income tax: $20,000 The company's basic earnings per share figure (to the nearest cent using the number of days as the time weighting factor) is: Select one: $1.95 $1.80 $1.67 $2.00