Bonanza, Incorporated's net income in 2017 was $378,000. The company had 75,000 shares of common stock outstanding and 35,000 shares of preferred stock outstanding. No shares were issued or repurchased during the year. The company paid dividends of $1.50 per share on the common stock and $1.80 per share on the preferred stock. How much is earnings per share for 2017?

3.44

4.34

5.04

4.20