Scotland Corporation Had Net Income for 2018 of $80,000

Scotland Corporation had net income for 2018 of $80,000.Scotland had 13,000 shares of common stock outstanding at the beginning of the year and 24,000 shares of common stock outstanding at the end of the year.There were 12,000 shares of preferred stock outstanding all year.During 2018,Scotland declared and paid preferred dividends of $21,000.What is Scotland's earnings per share? (Round the answer to two decimal places.)

A) $3.33
B) $3.19
C) $4.32
D) $2.46