12. Bates Ltd has 6 000 000 ordinary shares on issue at the beginning of the year, 1 July 2013. These shares were issued at $4.00 each and have a current market value of $6.25. On 1 February 2014, Bates Ltd bought back 300 000 ordinary shares originally issued at $4.50 for $5.60 each. On 1 May 2014, 1 000 000 fully paid-up shares were issued at the current market value. What is the weighted-average number of shares calculated in accordance with AASB 133? Select one:

a. 6 196 552

b. 6 059 452

c. 6 627 397

d. 6 041 096