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Laurelli Builders (LB) reported the following financial data for year-end 31 December: Common shares outstanding, 1 January 2,000,000. / Common shares issued on 1 July

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Laurelli Builders (LB) reported the following financial data for year-end 31 December: Common shares outstanding, 1 January 2,000,000. / Common shares issued on 1 July 350,000. / Net income $3,000,000 / Preferred stock dividends paid $500,000 / Common stock dividends paid $320,000. What is LB's EPS? O a. $1.15. O b. $1.47. O c. c. None of the above. O d. $1.00. O e. $1.34

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