Toronto corporations financial statements include the following info:

cash : $6,100 net credit sales : $315,000

accounts receivable : 52,000 . cost of goods sold : 210,000

merchandise inventory : 92,800 . net income : $56,000

prepaid expenses : 12,600

total crrent assets : $163,500

total current liabilities : $65,400

total stockholders equity : $200,000

assuming that 50,000 shares of common stock were outstanding, and the company had no preferred stock outstanding.

what is the earnings per share (EPS) for toronto company:

a. $6.30

b. $1.12

c. $4.00

d. $3.27