Question 29 Not yet answered Cornerstone Co. Balance Sheet Accounts Points out of 2.5 Flag question 12/31/17 $2,100 12/31/18 $2,100 Bonds Payable Cash 400 392 Accounts Receivable 145 128 Preferred Stock 500 500 250 3,285 1,200 520 Accounts Payable 244 Land 3,285 Common Stock 1,200 Inventory 480 Retained Earnings 320 Unearned Rent Revenue (to be earned in 2 months) 40 Prepaid Insurance (3-month policy) 114 Taxes Payable 20 400 28 173 20 Cornerstone Co. Income Statement Accounts For Year Ended 12/31/18 $60 Insurance Expense Interest Expense Cost of Goods Sold 32 1,500 Rent Revenue 25 Net Sales Revenue 2,000 Tax Expense 27 Other Information 2018 Dividends to Common Shareholders $40 $200 2018 Dividends to Preferred Shareholders 2018 Common Shares outstanding 2018 Preferred Shares outstanding 100sh 50sh 2018 Stock Price $100 All Sales on credit Note: Use the Cornerstone Co. data and the Reference Sheet to assist you in answering the question. What is 2018 Earnings per Share? Select one: a. $2.06 b. $1.66 c. $4.12 d. $4.06 e. $3.56