At December 31, 2021 and 2020, Andrew Co. had 118,000 shares of common stock and 6,800 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $680,000. For 2021, basic earnings per share was:

Multiple Choice

$5.18

$3.40

$4.34

$5.47