Rye Company has provided the following information:

• Weighted average number of outstanding common shares, 212,000
• Net income, $593,600
• Number of authorized common shares, 415,000
• Number of treasury shares, 28,000

If Rye has issued 240,000 shares, what is Rye's earnings per share (EPS)?

$2.47

$1.53

$1.43

$2.80