At December 31, 2018, Hansen Corporation had 43,000 shares of common stock and 5,600 shares of 11%, $100 par cumulative preferred stock outstanding. No dividents were declated or paid in 2018. Net income was reported as $180,000. what is basic EPS?

a. 4.19

b. 4.81

c. 3.70

d. 2.75