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Hudson Motors reported $735,000 net income for the current year. Beginning common shares outstanding were 120,000. Hudson also had 10,000,6% nonconvertible cumulative, $100 par value

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Hudson Motors reported $735,000 net income for the current year. Beginning common shares outstanding were 120,000. Hudson also had 10,000,6% nonconvertible cumulative, $100 par value preferred shares outstanding for the entire year. No cash dividends were declared Compute basic earnings per share. (Round your answer to the nearest cent.) O A. $6.13 OB. $6.12 OC. $5.63 OD. $5.19

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