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Crane Company had 590000 shares of common stock outstanding on January 1, issued 890000 shares on July 1, and had income applicable to common stock

Crane Company had 590000 shares of common stock outstanding on January 1, issued 890000 shares on July 1, and had income applicable to common stock of $2930000 for the year ending December 31, 2018. Earnings per share of common stock for 2018 would be (rounded to the nearest penny)

a. $2.34.

b. $4.97.

c. $3.30.

d. $2.83.

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