Vincent Corporation began operations on January 1, 2020. During the year, Vincent Corporation had the following share transactions: January 1 issued 7,500 common shares at $15.00 per share January 1 issued 3,000 shares of $5 cumulative preferred shares June 301,500 common shares were issued to investors in exchange for land with a current market value of $40,000 October 1 reacquired 2,500 of its own common shares at $17.50 per share No dividends have been declared by Vincent Corporation during 2020. The itat income for the first year of operations is $535,000. What is the earnings per share for 2020 ? a. $59.44 b, $63.88 c. $68.20 d. $82.31