please show step by step and not in a table

Lark had net income for 2018 of S103,000. Lark had 38,000 shares of common stock outstanding at the beginning of the year and 44,000 shares of common stock outstanding at the end of the year. There were 5,000 shares of preferred stock outstanding all year. During 2018, Lark declared and paid preferred dividends of $29,000. On December 31, 2018, the market price of Lark's common stock is $35.00 per share and the market price of its preferred stock is $55.00 per share. What is Lark's price eamings ratio at December 31, 2018 (Round any intermeciate calculations and your final answer to the nearest cent.) OA. 13.93 B.30.56 c. 19.44 O D. 14.95