Madison Company has provided the following data: Year 2 Year 1 Common Stock $500,000 $500,000 Preferred Stock 100.000 100.000 Net operating income 127,349 Net income before taxes 115.349 Net income 100,000 They have 50,000 shares of outstanding common stock and 10,000 shares of outstanding preferred stock both years. What is the company's earnings per share for Year 2 closest to? O $2.00 per share O $2.12 per share O $1.67 per share O $2.31 per share