Sunland, Inc, reports net income of $730300. It declares and pays dividends of $109000 for the year, one-half of which relate to the preferred shares. The weighted-average number of common shares outstanding during the year is 218000 shares, and the weighter average number of preferred shares outstanding during the year is 10900 shares. Earnings per share for Sunland, Inc. is: $3.03. $3.10. $2.80. $2.85