Question 18 (3 points) In 2020, Grace Co. reported net income of $375,000. It declared and paid common stock dividends of $45,000 and preferred stock dividends of $105,000. During 2020, Grace had a weighted average of 50,000 common shares outstanding. Compute Grace's 2020 earnings per share. $ 7.5 $5.4 $ 6.6 O $ 4.5