Scotland Corporation had net income for 2018 of $ 79 comma 000

$79,000. Scotland had 13 comma 000

13,000 shares of common stock outstanding at the beginning of the year and 28 comma 000

28,000 shares of common stock outstanding at the end of the year. There were 11 comma 000

11,000 shares of preferred stock outstanding all year. During2018, Scotland declared and paid preferred dividends of $ 23 comma 000

$23,000. What isScotland's earnings pershare? (Round the answer to two decimalplaces.)

A.

$ 2.73

$2.73

B.

$ 2.00

$2.00

C.

$ 3.85

$3.85

D.

$ 2.82