At December 31, 2020, ABC Company had 1,000,000 ordinary shares issued and outstanding, 800,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on July 1, 2020. Net income for the year ended December 31, 2019, was $2,040,000. What should be ABC's 2020 earnings per share?

a- 2.02

b- 2.55

c- 2.40

d- 2.27