Amber,IncProvides the Following Information for 2019 The Company Has No Preferred Stock Outstanding

Multiple Choice

Amber,Inc.provides the following information for 2019: $$\begin{array} { | l | r | } \hline \text { Net income } & \$ 250,000 \\\hline \text { Market price per share of common stock } & \$ 50 \text { per share } \\\hline \text { Dividends paid } & \$ 180,000 \\\hline \text { Common stock outstanding at Jan. } 1,2019 & 160,000 \text { shares } \\\hline \text { Common stock outstanding at Dec. } 31,2019 & 200,000 \text { shares } \\\hline\end{array}$$ The company has no preferred stock outstanding.Calculate the earnings per share for 2019.(Round your answer to two decimal places.)

A) $0.39 per share
B) $1.56 per share
C) $1.39 per share
D) $1.25 per share