During 2020, Neimer Ltd

During 2020, Neimer Ltd. had 350,000 common shares, 60,000 non-cumulative convertible preferred shares, and $ 1,200,000 10% convertible bonds outstanding. The preferred shares are convertible into 80,000 common shares. During 2020, Neimer paid dividends of $ 1.00 per share to the common shares and $ 1.50 per share to the preferred shares. Each $ 1,000 bond is convertible into 50 common shares. The net income for 2020 was $ 1,000,000 and the income tax rate was 30%. Basic earnings per share for 2020 is

A) $ 2.04.
B) $ 2.60.
C) $ 2.86.
D) $ 3.03.