San Fran Travel Company reported net income for $2020$ in the amount of $$90,000.$ During $2020,$ San Fran declared and paid $$2,125$ in cash dividends on its noncomvertible preferred stock. San Fran also paid $$10,000$ cash dividends on it common stock. San Fran had $40,000$ common shares outstanding from January $1$ until $10,000$ new shares were sold for cash on April $1,2020.$ What is the $2020$ basic earnings per share? A$.$ $$1\mathrm{.}78,$ B$.$ $$1\mathrm{.}64,$ C$.$ $$1\mathrm{.}76,$ or D$.$ $$1\mathrm{.}85$