blem #5 of 22 The balance sheets at the end of each of the first two years of operations indicate the following: Year 2 Year 1 $600,000 $560,000 60,000 40,000 900,000 700,000 Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings 150,000 80,000 350,000 250,000 100,000 100,000 600,000 600,000 60.000 60,000 325,000 210,000 If net income is $125,000 and preferred dividends are $9,000 for Year 2, what is the earnings per share on common stock for Year 2? a. $1.75 ob. $0.19 c. $1.93 od. $2.08