Rye Company has provided the following information:

$$ Weighted average number of outstanding common shares, $172,000$

$$ Net income, $$309,600$

$$ Number of authorized common shares, $365,000$

$$ Number of treasury shares, $18,000$

What is Rye's earnings per share $($EPS$)?$

Multiple Choice

$$1\mathrm{.}63$

$$1\mathrm{.}80$

$$\mathrm{.}89$

$$\mathrm{.}85$