Question 16 3 pts Blue Corp had 340,000 shares of common stock outstanding at the beginning of the year and 380,000 shares outstanding at the end of the year. Blue declared and paid cash dividends of $400,000 on the common stock and $320,000 on the preferred stock. Net income for the year was $1,760,000. What is Blue's earnings per share? $3.79 O $2.36 O $4.88 O $4.00