The Abel Company Provided the Following Information from Its Financial

The Abel Company provided the following information from its financial records: $\begin{array}{lclc}\text { Net income } & \$ 285,000 & \text { Common shares outstanding } &440,000 \\&&1 / 1 \\ \text { Common stock dividends }&\$ 27,000 & \text { Common shares outstanding } &505,000 \\&&12 / 31\\ \text { Preferred stock } & \$ 28,500 & \text { Preferred shares }&27,000 \\\text { dividends } & & \begin{array}{l}\text { outstanding 1/1 }&\end{array} \\\text { Sales } & \$ 970,000 & \text { Preferred shares }& 23,000 \\& & \begin{array}{l}\text { outstanding 12/31 } \\\end{array} \end{array}$ What is the amount of the company's earnings per share?

A) $0.60
B) $0.67
C) $0.54
D) $29.38