June Corporation had net income of $120,000,1,000,000 common shares outstanding, and no preferred shares. Neptune Corporation had net income of $460,000,2,500,000 common shares outstanding, and preferred shares entitled to a $10,000 dividend when declared. Which of the following statements is true: Select one: a. June's basic earnings per share is 1.5 times higher than Neptune's basic earnings per share b. Neptune's basic earnings per share exceeds June's basic earnings per share by 6 cents per share c. Neptune and June have substantially similar earnings per share d. Neptune's preferred shareholders are better off than their common shareholders