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In 2020, Panther Corporation reported net income of $700,000. It declared and paid preferred stock dividends...

In 2020, Panther Corporation reported net income of $700,000. It declared and paid preferred stock dividends of $140,000 and common stock dividends of $50,000. During 2020, Panther had a weighted average of 200,000 common shares outstanding. Compute Panther's 2020 earnings per share. Select one: a. $3.25 b. $2.80 c. $3.50 d. $2.55

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