Vessels Corporation's Net Income for the Most Recent Year Was

Multiple Choice

Vessels Corporation's net income for the most recent year was $2,532,000.A total of 200,000 shares of common stock and 200,000 shares of preferred stock were outstanding throughout the year.Dividends on common stock were $3.80 per share and dividends on preferred stock were $1.25 per share.The earnings per share of common stock is closest to:

A) $12.66
B) $8.86
C) $7.61
D) $11.41