Financial Statement Data for This Year and Last Year for Hanscombe

Multiple Choice

Financial statement data for this year and last year for Hanscombe Corp. are as follows: $$\begin{array} { l r r } & \text { Current Year } & \text { Last Year } \\\text { Net income } & \$ 5,600,500 & \$ 4,988,000 \\\text { Preferred dividends } & 60,000 & 60,000 \\\text { Average number of common shares outstanding } & 125,000 & 110,000\end{array}$$
Earnings per share for each year were

A) Current year: $44.32; Last year: $44.80
B) Current year: $44.80; Last year: $44.32
C) Current year: $44.80; Last year: $45.35
D) Current year: $45.35; Last year: $44.80