At December 31, 2019, Pliers Corp

At December 31, 2019, Pliers Corp. had 380,000 common shares outstanding. No additional common shares were issued during 2020. On January 1, 2020, Pliers issued 420,000 non-cumulative, non-convertible preferred shares. During 2020, Pliers paid cash dividends of $ 200,000 to the common shares and $ 160,000 to the preferred shares. Net income for calendar 2020, was $ 540,000. Their income tax rate is 40%. Basic earnings per share for 2020 is

A) $ 0.42.
B) $ 1.84.
C) $ 1.00.
D) $ 1.42.