The Abel Company provided the following information from its financial records: Net income Common stock dividends Preferred stock dividends Sales $280,000 Common shares outstanding 1/1 $ 26,000 Common shares outstanding 12/31 $ 28,000 Preferred shares outstanding 1/1 $960,000 Preferred shares outstanding 12/31 425,000 485,000 26,000 22,000 What is the amount of the company's earnings per share? Multiple Choice C 50.69 $0.62 $29.17 $0.55