Income Statement Barnyard, Inc.'s 2010 income statement lists the following income and expenses: EBIT = $500,000, Interest expense = $45,000, and Taxes = $152,000. Barnyard's has no preferred stock outstanding and 200,000 shares of common stock outstanding. What are its 2010 earnings per share?
A) $2.50
B) $2.275
C) $1.74
D) $1.515

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The Answer of Income Statement Barnyard, Inc.'s 2010 income statement lists the following income and expenses: EBIT = $500,000, Interest expense = $45,000, and Taxes = $152,000. Barnyard's has no preferred stock outstanding and 200,000 shares of common stock outstanding. What are its 2010 earnings per share?
A) $2.50
B) $2.275
C) $1.74
D) $1.515