42. At December 31, 2017, Hancock Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2017. Net income for the year ended December 31, 2017, was $1,020,000. What should be Hancock's 2017 earnings per common share, rounded to the nearest penny? A. $2.27 B. $2.02 C. $2.55 D. $2.40 Stine Inc. had 300,000 shares of common stock issued and outstanding throughout 2017. Stine also had stock options outstanding at the beginning and end of 2017 which allow the holders to purchase 90,000 shares of common stock at $28 per share. The average market price of Stine's common stock was $35 during 2017. The number of shares to be used in computing diluted earnings per share for 2017 is A, 300,000 B.390,000 C. 318,000 D. 372,000 E. 43. None of the above