At the beginning of 2017, a company had 200,000 shares of $5 par value common stock outstanding. On august 1, the company issued another 100,000 shares. The company's net income was $425,000. In addition, you are given the following portion of the company's 12/31/17 stockholders equity section of the balance sheet:

preferred stock (4%, $10 par, 60,000 issued and outstanding) $600,000.

calculate the company's earning per share for 2017

a) $1.34 (I know this is incorrect)

b) $1.66

c) $1.76

d) $1.42

e) $1.72