The Following Information Is Available for Amanda Co ? Calculate the Company's Earnings Per Share

Multiple Choice

The following information is available for Amanda Co.for the current year. $$\begin{array} { l r } \text { Common shares outstanding } & 150,000 \\\text { Preferred stock dividend declared and paid } & \$ 90,000 \\\text { Net income } & \$ 300,000\end{array}$$ ? Calculate the company's earnings per share.

A) $1.10
B) $2.60
C) $2.00
D) $1.40