Total Revenues and Net Income for 2011 for Smith Lake

Total revenues and net income for 2011 for Smith Lake Corporation is $3,500,000 and $280,000, respectively. Smith Lake Corporation has had 400,000 common shares of stock outstanding for all of 2011. The selling price of Smith Lake Corporation common stock on December 31, 2011, is $18. Earnings per share for 2011 is:

A) $ 8.75.
B) $12.50.
C) $ 0.70.
D) $35.00.