C-Series Corporation's Net Income for the Year Ending on December

Multiple Choice

C-series Corporation's net income for the year ending on December 31, 2013, was $365,000. At the end of 2013, the corporation had outstanding 4,000 shares of $10 nonconvertible preferred shares and 10,000 common shares issued at $20. No shares were issued or retired during 2013. The numerator to be used in the earnings-per-share calculation is:

A) $365,000
B) $350,000
C) $325,000
D) $750,000