During 2022, Longhorn Corp. had net income of $300,000 and paid dividends to its preferred shareholders in the amount of $20,000. On January 1, 2022, the start of the year, the company had 100,000 common shares issued. On April 1, the company issued another 50,000 common shares.

What is the companys earnings per share for the year?

$1.87 per share

$2 per share

$2.67 per share

$2.49 per share