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Carla Vista, Inc. reports net income of $708840. It declares and pays dividends of $99000 for the year, one-half of which relate to the

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Carla Vista, Inc. reports net income of $708840. It declares and pays dividends of $99000 for the year, one-half of which relate to the preferred shares. The weighted-average number of common shares outstanding during the year is 198000 shares, and the weighted- average number of preferred shares outstanding during the year is 9900 shares. Earnings per share for Carla Vista, Inc. is: O $3.33. O $3.26. O $3.08. O $3.03.

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