Edmonds Corporation Reports the Following Information Edmonds Should Report Earnings Per Share of
A)$1

Multiple Choice

Edmonds Corporation reports the following information: $$\begin{array} { l r } \text { Net income } & \$ 500,000 \\\text { Dividends on common stock } & 140,000 \\\text { Dividends on preferred stock } & 60,000 \\\text { Weighted average common shares outstanding } & 200,000\end{array}$$ Edmonds should report earnings per share of

A) $1.50.
B) $1.80
C) $2.20.
D) $2.50.