On January 1, 2014, Laura Corporation Had 18,000 Shares of Common

On January 1, 2014, Laura Corporation had 18,000 shares of common stock outstanding, and reacquired 2,000 shares on July 1. The company earned net income of $110,800 and paid a cash dividend on its preferred stock of $36,000. The earnings per share for the year was

A) $4.40
B) $5.54
C) $3.74
D) $4.68