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Garbage Inc. had provided you with the financial information: Retained Earnings December 31, 2019 $150,000 Common share dividends paid in 2020 $ 50,000 Preferred share

Garbage Inc. had provided you with the financial information:

Retained Earnings December 31, 2019 $150,000

Common share dividends paid in 2020 $ 50,000

Preferred share dividends paid in 2020 $ 75,000

Retained Earnings December 31, 2020 $275,000

Common Shares $400,000

Preferred Shares $200,000

Common Shares outstanding 3,500

Preferred Shares outstanding 5,000

What is the Earnings per Share (EPS) for 2020?

$50.00

$70.00

$35.00

$23.33

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