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Designs, Inc. had 13,000 shares of $4.4, $100 par preferred stock and 85,000 shares of...

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Accounting

Designs, Inc. had 13,000 shares of $4.4, $100 par preferred stock and 85,000 shares of common stock outstanding throughout 2015. During 2015, Designs declared a dividend of $4.4 per share on its common stock. Compute earnings per share for 2015 if Designs' income statement showed net income of $600,000.

A. $4.40 per share.

B. $6.12 per share.

C. $6.39 per share.

D. $7.06 per share.

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