The balance sheets at the end of each of the first $2$ years of operations indicate the following:

Kellman Company

Year $2$ Year $1$

Total current assets $$600,000$ $$560,000$

Total investments $60,00040,000$

Total property, plant, and equipment $900,000700,000$

Total current liabilities $125,00065,000$

Total long$-$term liabilities $350,000250,000$

Preferred $9\%$ stock, $$100$ par $100,000100,000$

Common stock, $$10$ par $600,000600,000$

Paid$-$in capital in excess of par$$common stock $75,00075,000$

Retained earnings $310,000210,000$

$11.$ Using the balance sheets for Kellman Company, if net income is $$250,000$ and interest expense is $$30,000$ for Year $2,$ what are the earnings per share on common stock for Year $2($rounded to the nearest cent$)?$

a$.$ $$4\mathrm{.}02$

b$.$ $$2\mathrm{.}49$

c$.$ $$4\mathrm{.}16$

d$.$ $$4\mathrm{.}32$