Sonic Ltd$.$ had $2,200,000$ average shares outstanding during all of $2017.$ During $2017,$ Sonic also had $50,000$ options outstanding with exercise prices of $$17$ each.

The average stock price of Sonic during $2017$ was $$21.$ This company also had $1,000$ shares of preferred stock outstanding $(10\%,$ $$100$ par value$)$ for the entire year, which are each convertible into $20$ shares of common stock.

For purposes of computing diluted earnings per share, how many shares would be used in the denominator?

A$.$

$2,270,000$

B$.$

$2,211,111$

C$.$

$2,229,524$

D$.$

$2,209,523$