On December 31, 2012, Johnson Corporation Reported Total Revenue of $750,000

Multiple Choice

On December 31, 2012, Johnson Corporation reported total revenue of $750,000 and total expenses of $425,000. Johnson had 4,000 shares of stocks outstanding. Also, as of January 1, 2012, Johnson had issued stock options that allowed employees to receive 1,000 shares of stock for free at a time of their choosing in the future. As of December 31, none of these stock options had been exercised. What is basic earnings per share for Johnson Corporation?

A) $106.25
B) $85
C) $81.25
D) $75