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Farrah Inc, presented the following data: Net income 10% Preferred stock $2,800 $3,000 Common stock 1/1: 750 shares outstanding 3/1: 750 shares issued in a

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Farrah Inc, presented the following data: Net income 10% Preferred stock $2,800 $3,000 Common stock 1/1: 750 shares outstanding 3/1: 750 shares issued in a 2-for-1 stock split 10/1: 360 shares treasury stock acquired 11/1 450 shares issued for cash Preferred dividends paid totaled $300. The denominator to be used in Basic EPS is Select one: O a. 1.285 O b. 1410 O c. 1.720 O d. 1,485 O e. 1,610

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