For the year a corporation has sales of $8 million, gross profit of $5 million, operating expenses of $1 million, and net profit of $2 million. The following information also pertains: Preferred stock 500,000 shares authorized 200,000 shares outstanding $1.00 dividend paid per share during the year Common stock 500,000 shares authorized 300,000 shares issued and outstanding $.25 dividend paid per share during the year What is EPS for the year? $3.60 $6.00 $5.75 $.60 $3.00