What are the basic earnings per share for 2022? O $5.00 O $2.50 O $16.25 O $0.70 Income before income tax 34000 Income tax expense 5700 Net income $28300 Share data for 2022 Weighted average number of common shares 5660 Market price per common share $40 Dividends per share $0.70 Statement of income for 2022 Sales $92000 Cost of goods sold 46000 Gross profit 46000 Operating expenses 12000 Income before income tax 34000 Income tax expense 5700 Net income $28300 Share data for 2022 Weighted average number of common shares 5660 Market price per common share $40 Dividends per share $0.70 What are the basic earnings per share for 2022? Sheffield Garden Supplies reported the following information for 2021 and 2022: 2022 2021 Assets Cash $49000 $42000 Accounts receivable 32000 26000 Inventory 30000 25000 Property, plant, and equipment 244000 208000 Total assets $355000 $301000 Liabilities and Shareholders' Equity Current liabilities $61000 $64000 Non-current liabilities 107000 89000 Shareholders' equity - common 187000 148000 Total liabilities and shareholders equity $355000 $301000