World Airlines has no preferred stock outstanding. The company had 50,000 shares of common stock outstanding on January 1 and issued 20,000 additional shares on April 1.

If Worlds net income was $359,000, the company should report earnings per share of (to the nearest cent)

Select one:

a. $4.27

b. $4.60

c. $5.52

d. $5.98

e. None of the above