Question $15(1$ point$)$

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EPS Calculation: $($Part $2$ of $3)$

DEF Co$.$ earned income of $$750,000$ for the fiscal year ended Dec $31.$ At the beginning that year DEF Co$.$ had $40,000$ $$2\mathrm{.}50$ Preferred Shares $($PS$)$ outstanding and DEF started the year with $330,000$ Common Shares $($CS$).$ During the year it sold an additional $90,000$ CS on May $1,$ declared a $3$:$1$ split on Jul $1,$ sold $6000$ preferred shares on Sep $1,$ issued an additional $25,000$ CS on Oct $1$ and repurchased $360,000$ shares on Dec $1.$ Calculate the EPS.

For Part $2$ of this question, what is the weighted average number of common shares?

a$)85,000$

b$)925,000$

c$)1\mathrm{.}146,250$

d$)366,250$

e$)1,086,250$