What is the earnings per share for 2020? a. $16.85 B. $18.16 C. $33.70 D. $5.05

Pacific Company Comparative Balance Sheet December 31, 2019 and 2020 Assets 2019 2020 Current assets: Cash $ 2,000,000 800,000 Accounts receivable (net) 2,650,000 2,270,000 Inventory 2,200,000 2,130,000 Prepaid expense 500,000 400,000 Total current assets 7,350,000 5,600,000 Long-term investments 7,600,000 $ 9,500,000 Property, plant and equipment (net) 5,100,000 7,250,000 Total assets 20,050,000 $ 22,350,000 Liabilities Current liabilities Accounts payable 3,200,000 $ 3,000,000 Notes payable 660,000 900,000 Accrued liabilities 370,000 310,000 Total current liabilities S 4,230,000 $ 4,210,000 Long-term liabilities 1,000,000 650,000 Total liabilities S 5,230,000 $ 4,860,000 Stockholders' equity Common stock, $5 par value 900,000 $ 2,300,000 Preferred Stock, 10%, $10 par value 100,000 150,000 Retained earnings 13,820,000 15,040,000 Total stockholders' equity 14,820,000 $ 17,490,000 Total liabilities and equity 20,050,000 $ 22,350,000