Padowski Corporation's Net Income for the Current Year Is $500,000

Multiple Choice

Padowski Corporation's net income for the current year is $500,000.At year end,the corporation had outstanding 4,500 shares of 15%,$100 par value nonconvertible preferred stock and 15,000 shares of $10 par value common stock.No shares were issued or retired during the year.What is basic earnings per share?

A) $22.18
B) $25.64
C) $28.83
D) $33.33