Checkpoint Systems, a leading provider of source tagging, handheld labeling systems, retail merchandising systems, and bar-code labeling systems, stated the following in a press release:

GAAP reported net loss for the fourth quarter of 2004 was $29.3 million, or $0.78 per diluted share, compared to net earnings of $4.5 million, or $0.13 per diluted share, for the fourth quarter 2003. Excluding impairment and restructuring charges, net of tax, the Companys net income for the fourth quarter 2004 was $0.30 per diluted share, compared to $0.27 per diluted share in the fourth quarter 2003.

The number of shares outstanding for the fourth quarter of 2004 was closest to

A. 37,565,000

B. 97,667,000

C. 27,130,000

D. 61,042,000

Based on the information in the previous question, if we exclude the impairment charges in 2003, Checkpoint's net income would have

A. increased by $9,300,000

B. decreased by $9,300,000

C. increased by $4,800,000

D. decreased by $4,800,000