Question 7 Review Madison Company issued 200 shares of stock for $10 apiece when it began business on January 1, 2019. No stock has been issued since that time. The balance in stockholders' equity at January 1, 2025 was $40,000. During 2025, $10,000 was paid in dividends. At December 31, 2025, Madison had total assets of $92,000 and total liabilities of $32,000. What was Madison's earnings per share? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $260 b 160 c $200 d $150 Show Submitted Answer Show Correct Answer Check My Answer