At December $31,20$X$1,$ Marshall Company had $500,000$ shares of common stock issued and outstanding, $400,000$ of which had been issued and outstanding throughout the year and $100,000$ of which were issued on October $1,20$X$1.$ Net income for the year ended December $31,20$X$1,$ was $$765,000.$ What should be Marshall's $201$ earnings per common share, rounded to the nearest penny?

a$.$ $$1\mathrm{.}53.$

b$.$ $$1\mathrm{.}90.$

c$.$ $$1\mathrm{.}80.$

d$.$ $$1\mathrm{.}70$