A company$$s Dec $31,2022$ equity accounts are shown below:

Preferred Stock $(7\%,$ $$100$ par, cumulative, $8,000$ authorized$)$ $$320,000$

Common Stock $($$$10$ par, $200,000$ shares authorized$)800,000$

On April $1,2022,20,000$ shares of common stock had been issued when the market price of the stock was $$15.$ On August $31,2022,24,000$ shares of common stock had been issued in exchange for some land when the stock was trading at $$18$ per share. No new shares of preferred stock were issued during the year.

If the company reported net income of $$180,000$ in $2022,$ what are the earnings per share? $($Round to the nearest cent.$)$

Select one:

a$.$ $$3\mathrm{.}05$

b$.$ $$2\mathrm{.}67$

c$.$ $$2\mathrm{.}16$

d$.$ $$2\mathrm{.}25$

e$.$ $$1\mathrm{.}97$