New Corporation had net income for 2016 of $82,000. New Corporation had 15,000 shares of common stock outstanding at the beginning of the year and 28,000 shares of common stock outstanding at the end of the year. There were 10,000 shares of preferred stock outstanding all year. During 2016, New Corporation declared and paid preferred dividends of $20,000. What is New Corporation's earnings per share? (Round the answer to two decimal places.) A. $2.93 B. $3.81 C. $2.88 OD. $2.21