West, Inc. has a net income of $400,000 for 2019, and there are 200,000 weighted-average shares of common stock outstanding. $80,000 of dividends were declared and paid during 2019 on its 10,000 shares of 10%, $100 par, non-cumulative preferred stock The earnings per share for 2019 is

A) $2.00. B) $2.40. C) $1.60. D) $1.50.