At January 1, 2013, Karpo Corporation Had the Following Share

Multiple Choice

At January 1, 2013, Karpo Corporation had the following share capital: On July 1, 2013, the board of directors declared and paid a 10% common stock dividend. On October 1, 2013, the company sold an additional 20,000 common shares for proceeds of $280,000. The corporation earned $150,000 during the year and declared $30,000 in dividends to preferred shareholders.
-Earnings per share for 2013 is

A) $7.74.
B) $9.55.
C) $8.39.
D) $9.68.