For 2014, Pink Flamingo Products Had Net Income of $1,000,000

Multiple Choice

For 2014, Pink Flamingo Products had net income of $1,000,000.On January 1, 2014, there were 1,000,000 shares outstanding.On July 1, 2014 the company issued 100,000 new
Shares for $20 per share.The company paid $200,000 in dividends to common shareholders.What is Pink Flamingo's basic earnings per share for 2014?

A) $0.76
B) $0.91
C) $0.95
D) $1.00