Choice Corporation Had 100,000 Shares of Commons Stock Outstanding on January

Choice Corporation had 100,000 shares of commons stock outstanding on January 1, 2017. On January 1, 2017 Choice purchased 5,000 shares of its own common stock to fund a stock option plan for its executives. On December 31, 2017 Choice announced a 3 to 1 stock split. Choice's net income for 2017 was $400,000. How much should Choice report as earnings per share for 2017?

A) $1.33.
B) $1.40.
C) $4.00
D) $4.21