Cainas Cookies had the following information reported for 2015:
Revenues $100,000
Expenses $40,000
Preferred Dividends $10,000
Common Dividends $20,000
Preferred shares outstanding - 10,000 shares, $100 par value
Common shares outstanding - 50,000 shares, $1 par value EPS is:
A. $1.20 per share
B. $1.00 per share
C. $.60 per share
D. $.50 per share