On January 1, 2014, Kiper Corporation Had 12,000 Shares of Common

On January 1, 2014, Kiper Corporation had 12,000 shares of common stock outstanding. Kiper reacquired 1,000 shares on May 1, and issued another 5,000 shares on September 1. The company also has 10,000 shares of $20 par, 10%, noncumulative preferred stock outstanding on which no dividends have been declared during the last two years. The company had a $28,360 loss for the year. The earnings per share for the year is

A) ($5.03)
B) ($2.95)
C) ($5.26)
D) ($2.18)