For 2018, Jack-N-Jill Nurseries, Inc., reported net income of $1,160,000 inclusive of a net loss from discontinued operations of $20,320. It did not declare any common dividends but did however declare current year preferred dividends of $280,000 during the year. It began the year with 22,000 common shares outstanding. It issued 120,000 common shares on April 1 and declared a 20% stock dividend on May 15. On November 1, it repurchased 12,000 shares and cancelled them. Determine the companys basic EPS from continuing operations for the year.

Select one:

a.

$8.94

b.

$7.46

c.

$6.80

d.

$5.68

e.

none of the above.