[66] YES reported $877,000 as income from operations and 200,000 shares as weighted average common shares in 2017. YES also reported outstanding, 27,000 of 6%, $100 par value, non-cumulative, nonconvertible preferred shares. The company had not declared any dividends for either the current year or the previous year. Further, it had issued 1,500 8%, long-term convertible bonds, par value of $1,000 each. These bonds had been issued several years ago and were still outstanding as at January, 2017. Each bond can be converted into 40 common shares. No amount of the bond issue was credited towards contributed surplus-conversion. The annual tax rate for 2017 was 40%. On September 1, bondholders of 25% of the outstanding bonds converted them. YES had no other potentially dilutive securities and no other conversions occurred during the year. The denominators for calculating the basic EPS and the diluted EPS would be a. 200,000 shares and 215,000 shares. Ob. 205,000 shares and 215,000 shares. C. 200,000 shares and 255,000 shares. O d. 260,000 shares and 215,000 shares. Oe. None of the above