Newcastle Enterprises Had Net Income for 2018 of $103,000

Newcastle Enterprises had net income for 2018 of $103,000.Newcastle had 39,000 shares of common stock outstanding at the beginning of the year and 43,000 shares of common stock outstanding at the end of the year.There were 6000 shares of preferred stock outstanding all year.During 2018,Newcastle declared and paid preferred dividends of $29,000.What is Newcastle's earnings per share? (Round the answer to two decimal places.)

A) $2.51
B) $2.40
C) $1.80
D) $1.72