Assume that all balance sheet amounts for Carolina Company represent average balance figures. Stockholders' equity"common $360,000 Total stockholders' equity 800,000 Sales revenue 400,000 Net income 76,000 Number of shares of common stock 40,000 Common stock dividends 24,000 Preferred stock dividends 4,000

What is the earnings per share for Carolina?

Group of answer choices

$1.90

$1.80

$1.20

$2.00