Jaburow Mining reported the following results. At the end of 2016, the firm has 50,000 million shares of stock outstanding and the market price of its stock was $32.00 per share. What is the earnings per share for 2016? Income Statement ($ in millions) Sales 550.000 Cost of goods sold 200,000 Depreciation 100000 EBIT 250.000 Interest paid 50.000 Taxable income 200.000 Taxes (2195) 42.000 Net income 158,000 2016 Balance Sheets ($ in millions) 2015 Cash 85,000 Accounts receivables 65.000 Inventory 80.000 Total 230,000 2015 70,000 80,000 260,000 232,000 2016 95,000 Accounts payable 75.000 80,000 Long-term debt 250,000 Common stock 1,150,000 Retained earnings 1,400,000 Total liabilities & equity Net fixed assets Total assets 1.050.000 1,280,000 700.000 250,000 1,280,000 780,000 308,000 1,400,000 Multiple Choice O $3.85 $1.35 $3.16 $1.86 O $2.21