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A corporation has 2000 shares, 10%preferred stock of $60.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $280,000. What is the earnings per share?a. $140.00b. $35.00c. $33.50d. $60.00 If: the short term Investments ,000 Net Accounts Receivable ,000 Merchandise Inventory $49,000 Total Assets $48,000 Accounts Payable $123,000 Salaries Payable $13,000 Long- term Notes Payable $55,000What is the current Ratio?a. 1.18b. 4.06c. 6.81d. 0.85