how can calculate

112) Chan Inc. has a profit of $ 1,000,000 for 2021, and there are 400,000 common shares issued. Dividends declared and paid during the year amounted to $ 200,000 on the preferred shares and $ 300,000 on the common shares. The earnings per share for 2021 is

a) $ 2.50.

b) $ 0.75.

c) $ 2.00.

d) $ 1.25.