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Samuels, Inc. reported net income for the year is $ 1 0 5 , 0 0 0 . During the year the company had 5

Samuels, Inc. reported net income for the year is $105,000. During the year the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding. Samuels' earnings per share for the year is
A) $5.25
B) $6.50
C) $4.00
D) $5.00

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