FED Had 100 Common Shares Issued and Outstanding at December

FED had 100 common shares issued and outstanding at December 31, 2013.On July 1, 2014, FED issued a 10 percent stock dividend.Unexercised stock options to purchase 20 common shares (adjusted for 2014 stock dividends) at $20 per share were outstanding at the beginning and end of 2014.The average market price of FED'S common shares (which was not affected by the stock dividend) was $25 per share during 2014.The ending market price was $30.Net income for the year ended December 31, 2014, was $2,200.What was FED'S 2014 basic earnings per share, rounded to the nearest cent?

A) $22.00
B) $20.00
C) $18.33
D) $16.92