The following information is given for Jackson Corp.:

Net Income: $1,274,000

Preferred Dividends: $50,000

Average Common Shares Outstanding: 340,000 shares

Preferred Stock: 10,000 shares

What is Jackson Corp.'s Earnings per Share?

• A.

  $3.72/share

• B.

  $3.78/share

• C.

  $3.60/share

• D.

  $3.89/share