Rudyard Corporation had 200,000 shares of common stock and 20.000 shares of 5%,$100 par convertible preferred stock outstanding during the year. Net income for the year was $500,000 and dividends were paid to both common and preferred shareholders Rudyard's effective tax rate is 25%. What is Rudyard's basic EPS? Multiple Choice A. $1.82 B. $3.00 C. $250