Company Z had net sales of $5,000,000 and net income of $375,000 in the year 2019. At the end of the year, Company Z paid preferred stock dividends of $75,000 to preferred shareholders and paid $100,000 of cash dividends to common shareholders. Atfthe beginning of 2019, there were 100,000 shares of outstanding common stock, and 60,000 shares were issued on June 1, 2019. What is Company Z's basic earnings per share (rounded up to two decimal places)? OA. $2.22 B. $ 3.00 C. None of the answers are correct OD. $ 1.48 E. $ 35.74