A subsidiary company's net income adjusted for intercompany profits is $320,000. The subsidiary company paid preferred dividends of $5,000. The parent company owns 90% of the subsidiary company and has internally adjusted net profit of $720,000. The weighted average number of shares outstanding for the parent company is 50,000 and 20,000 for the subsidiary company. The parent company declared and paid $10,000 of preferred stock dividends. Calculate the consolidated basic earnings per share figure. Select one: O a. $15.75 b. $19.87 O c. Earnings per share is computed for each individual company and should not be combined into a consolidated figure. d. $10.00 O e. $14.20