Net income $500,000. Declared and paid common stock dividends of $200,000. Declared but didn't pay preferred stock dividends of $100,000. Weighted average of 100,000 shares of common stock as well as a weighted number of 50,000 shares of preferred stock outstanding. Compute the earnings per share. A. $1.33 B. $2.00 C. $6.00 D. $4.00 E. $5.00