At January 1, Strunk Corp. had 1,200,000 common shares outstanding. Strunk issued 240,000 additional common shares on March 1 and 180,000 more on June 1. On November 1, Strunk repurchased 60,000 common shares as treasury stock. For purposes of basic earnings per share, the weighted average shares outstanding for the year is

1,090,000 shares

1,190,000 shares

1,380,000 shares

1,560,000 shares

None of the above