George Marufacturing had net income of $200,000 and decdared preferred dividends of $25,000 cring the arrent year. George began the year with 20,000 common shares outstanding. It issued 30,000 shares on lune 30 and repurchased 6,CCO of the newly issued shares on November1 Compute George's weighted-average common shares outstanding forthe year. AL 2,00O 44,C00 34,000 50,0CO B. D. Compute George's bascEPS for the year. AL $7.95 B. $3.98 $3.50 D