19. On Janusary 1,2018, Polk Post had 300,000 shares of its common stock issued and outs stock issued and outstanding. Polk issued a 10% stock dividend on July 1, 2018. On October . 20a, Polk retired i2,000 of its common shares. When calculating basic earnings per share for 2018, what is the appropriate number of shares for Polk to use in the denominator of the basic EPS fraction? A 327,000 B. 312,000 C 342,000 D. 303,000 20. Van Buren Industries had 100, shares of common stock and 10,000 shares of 8%, S100 par outstanding during the year. Net income for the year was $400,000 and convertible preferred stock dividends were paid to both common and preferred shareholders. Each share of preferred stock is convertible into five shares of common. What is Van Buren's diluted EPS (rounded)? A $2.67 8. $3.20 C. $4.80 D. $2.13 21. Which of the following would not be accounted for using the retrospective approach? A A change from the completed contract method to the percent-of-completion method for long term construction contracts B. A change from LIFO to FIFO inventory costing. C. A change in depreciation methods. D. A change from US GAAP to IFRS