General Corporation was organized on January 1 and issued 550,000 shares of common stock on that date. On July 1, an additional 250,000 shares were issued for cash. Net income for the year was $4,550,000. Net earnings per share amounted to:

General Corporation was organized on January 1 and issued 550,000 shares of common stock on that date. On July 1, an additional 250,000 shares were issued for cash. Net income for the year was $4,550,000. Net earnings per share amounted to: Multiple Choice $18.20. $5.69. $6.74. $8.27