Craig Rusch Corporation Reports the Following Information Rusch Should Report Earnings Per Share of
A)$3

Multiple Choice

Craig Rusch Corporation reports the following information: $$\begin{array} { l r } \text { Net income } & \$ 500,000 \\\text { Dividends on common stock } & 140,000 \\\text { Dividends on preferred stock } & 60,000 \\\text { Weighted average common shares outstanding } & 100,000\end{array}$$ Rusch should report earnings per share of

A) $3.00.
B) $3.60
C) $4.40.
D) $5.00.