Mason Manufacturing had 2012 earnings of$850,000. Cash dividends per share were$1.25. The company had an average of350,000 shares of common stock outstanding. The market price of the stock at the end of the year was$30 per share. What are the earnings per share for2012?

A.

$ 21.50.

B.

$ 1.50.

C.

$ 2.43.

D.

$24.00.

E.

This cannot be determined from the information given.