Waterway Corporation had net income of $580000 and paid dividends of $154000 to common stockholders and $23000 to preferred stockholders in 2020. Waterway Corporation's common stockholders' equity at the beginning and end of 2020 was $1770000 and $2450000, respectively. There are 278500 weighted-average shares of common stock outstanding. Waterway Corporation's earnings per share for 2020 was O $2.00. O $3.77. $2.05. O $5.77