EPS Calculation: (Part 2 of 3) DEF Co. earned income of $750,000 for the fiscal year ended Dec 31. At the beginning of that year DEF Co. had 40,000 $2.50 Preferred Shares (PS) outstanding and DEF started the year with 330,000 Common Shares (CS). During the year it sold an additional 90,000 CS on May 1, declared a 3:1 split on Jul 1, sold 6000 preferred shares on Sep 1, issued an additional 25,000 CS on Oct 1 and repurchased 360,000 shares on Dec 1. Calculate the EPS. For Part 2 of this question, what is the weighted average number of common shares? a) 85,000 b) 925,000 c) 1,146,250 d) 366,250 e) 1,086,250