The Galindex Company%u2019s net income in 2008 was $1,295,000. The company had 450,000 shares of common stock outstanding and 62,000 shares of preferred stock outstanding. No shares were issued or re-purchased during the year. The company paid dividends of $.60 per share on the common stock and $.95 per share on the preferred stock. The earnings per share of common stock is closest to a. $2.75 b. $2.28 c. $2.88 d. $3.01

Please show steps.