Gaslight Ltd Has Earnings After Tax of $1,260,000 for the Year

Gaslight Ltd has earnings after tax of $1,260,000 for the year ended 30 June 2005.At the beginning of the period Gaslight had 570,000 fully paid-up ordinary shares on issue.On 30 December 2004 the company made a 1 for 2 bonus issue.The last sale price of the shares immediately prior to the bonus issue was $4.50 each.What are the earnings per share taking into account the bonus issue?

A) $3.32
B) $1.47
C) $1.87
D) $3.00
E) None of the given answers.