Provide the BEST answer or each of the following: ____ 1. The LMN Company paid a cash dividend of $40,000 to its preferred shareholders and a cash dividend of $20,000 to its common shareholders. The Company had net income for 2023 of $160,000 and had 10,000 weighted average shares of common stock outstanding for that year. LMN reported Basic Earnings Per Share for 2023 of: A) $10.00 B) $12.00 C) $14.00 D) $16.00 E) None of the above.