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3. Expresso Company had the following information related to common and preferred shares during the year: Common shares outstanding 1/1 568,750 Common shares repurchased 3/

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3. Expresso Company had the following information related to common and preferred shares during the year: Common shares outstanding 1/1 568,750 Common shares repurchased 3/ 17,500 Conversion of preferred shares 1 32,500 Common shares repurchased | 12/_ 29,250 Expresso reported net income of $1,625,000 at December 31. What amount of shares should Expresso use as the denominator in the computation of basic earnings per share

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