Question 8 Farrah Inc, presented the following data: Not yet answered Points out of 200 Net income 10% Preferred stock $2,800 $3,000 Flag question Common stock: 1/1: 750 shares outstanding 3/1: 750 shares issued in a 2-for-1 stock split 10/1: 360 shares treasury stock acquired 11/1: 450 shares issued for cash Preferred dividends paid totaled $300 The denominator to be used in Basic EPS is Select one: O a. 1.285 O b. 1,410 O c. 1,720 O d. 1485 O e. 1,610