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In 2020, Sunland Company reported net income of $218000. It declared and paid common stock dividends of $22000 and had a weighted average of 100000

In 2020, Sunland Company reported net income of $218000. It declared and paid common stock dividends of $22000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent.

$1.96

$0.44

$2.18

$2.40

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