Morgan Company reported the following information for the year ended December 31, 2015: Net income $600,000; Preferred dividends declared and paid $60,000; Common dividends declared and paid $90,000; Average number of common shares outstanding 80,000 share; Ending market price per share $45; Net sales $5,100,000. What was Morgans earnings per share for 2015?

Select one: a. $6 b. $6.75 c. $5.11 d. $0.15