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8y.Farrah Inc presented the following data 2014 Net income 10% preferred stock (not cumulative) $3,000 $2,000 on Common stock: 1/1: 750 shares outstanding 3/1: 750

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8y.Farrah Inc presented the following data 2014 Net income 10% preferred stock (not cumulative) $3,000 $2,000 on Common stock: 1/1: 750 shares outstanding 3/1: 750 shares issued in a 2-for-1 stock split 7/1: 600 shares treasury stock acquired 12/1: 240 shares issued for cash :Preferred dividends paid totaled $200. The denominator to be used in Basic EPS is: Select one: a. 1,280 O b. 1,095 O c 1,820 d. 1,220 O e. 1.140

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