A Company Had Net Income of $250,000

Multiple Choice

A company had net income of $250,000.On January 1,there were 12,000 shares of common stock outstanding.On May 1,the company issued an additional 9,000 shares of common stock.The company declared a $7,900 dividend on its noncumulative,nonparticipating preferred stock.There were no other stock transactions.The company had earnings per share of:

A) $13.45
B) $13.89
C) $11.53
D) $26.90
E) Amount cannot be determined as problem does not state if there are any dividends in arrears.