The following balances as at December 31, 2021 were extracted from the trial balance of La Lee Ltd: DETAILS Premises Retained earnings CR DR 1,000,000 75,000 General reserves 55,000 Ordinary shares @ $2.00 500,000 10% Preference shares @ $0.75 150,000 Equipment 500,000 Provision for depreciation: Equipment 50,000 Dividend received 15,000 Bank 110,000 Interim ordinary shares dividend 75,000 25,000 35,000 Commission received Utilities If the total income for the year is $1,255,000, profit before tax is $600,000, and profit after tax is $520,000, how much is earnings per share? a. $2.53 b. $2.02 c. $2.60 d. $2.93 NEXT PAGE