Assume that Jarden Associates began the year with 75,000 outstanding shares and implemented a 7% stock dividend on January 1 of the current year. Jarden employees held 90,000 options that were granted on April 1. If exercised, there would be 18,000 incremental shares. On July 1, Jarden implemented a 3-for-1 stock split. Finally, on November 1, the company purchased 135,000 shares to be held in the treasury. Compute the denominator for basic and diluted earnings per share. Assume that the stock split also applies to the options.