Ahrens Corp. had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $2,100,000 for the year ending December 31, 2020. Earnings per share of common stock for Ahrens in 2020 would be

$2.00.

$1.40.

$1.64.

$1.16.