Current Attempt in Progress

Jen Co$.$ had $200,000$ shares of common stock and $20,000$ shares of $10\%,$$$100$ par value cumulative preferred stock. No dividends on

common stock were declared during the year. Net income was $$2,000,000.$ What was Jen's basic earnings per share?

$$11\mathrm{.}11$

$$9\mathrm{.}09$

$$10\mathrm{.}00$

$$9\mathrm{.}00$