Swifty Corporation had 604000 shares of common stock outstanding on January 1, issued 910000 shares on July 1, and had income applicable to common stock of $2931000 for the year ending December 31, 2018. Earnings per share of common stock for 2018 would be (rounded to the nearest penny)

$2.77.

$3.23.

$4.85.

$2.29.