Presented Below Are Selected Data from the Financial Statements of Russell

Multiple Choice

Presented below are selected data from the financial statements of Russell Corp. for 2014 and 2013. $\begin{array}{lrr}&2014&2013\\\text { Net income } & \$ 100,000 & \$ 123,000 \\\text { Cash dividends paid on preferred stock } & \$ 12,000 & \$ 15,000 \\\text { Cash dividends paid on common stock } & \$ 42,000 & \$ 38,000 \\\text { Weighted average number of common shares outstanding } & \$ 105,000 & \$ 95,000\end{array}$ Earnings per share is reported on the 2014 income statement as

A) $ 0.44.
B) $ 0.55.
C) $ 0.84.
D) $ 0.95.