Before Adjusting Its Current Investments in Equity Securities, Caldwell Company

Before adjusting its current investments in equity securities, Caldwell Company has total current assets and current liabilities of $45,000 and $15,000, respectively. During the current year, Caldwell has net income of $243,750 with 75,000 shares of common stock outstanding. This amount excludes the effects of yearend adjustments related to the investments. Included in current assets are trading securities recorded at their original cost of $13,000. However, the current market value of those securities is $4,000 at yearend. If Caldwell properly accounts for trading securities, what is Caldwell's earnings per share amount before and after the investment adjustment, respectively?

A) $3.25 and $3.00
B) $3.25 and $3.13
C) $3.25 and $3.37
D) $3.25 and $2.77