1 question with 2 parts

Net income after tax = $2,000,000 Preferred Dividends Declared = $155,000 Beginning of year outstanding shares of common stock = 387,000 shares (before consideration of stock options) Stock Options Available to Executives: Granted 5 years ago Exercisable this year For 260,000 shares Exercise price per share = $10.00 Market price per share = $35.00 Basic Earnings Per Share = $4.77 Compute net income available to common shareholders for the diluted earnings per share calculation. Question 2 3 pts Compute weighted average shares outstanding for the diluted earnings per share calculation