Monty Ltd. reported net income of $575,000 for the year ended December 31, 2020. During the year, the company also declared and paid dividends of $25,000 on the company's preferred shares and $125,000 on the company's common shares. At the beginning of the year, Monty Ltd. had 125,000 common shares outstanding, On April 1st the company issued 50,000 new common shares. The weighted average number of common shares outstanding equals O a 150,000 Ob 137,500 c 175,000 O d. 162,500 Clear my choice The basic earnings per share (EPS) of Monty Ltd. is closest to O a $3.14 O b. $3.29 O $3.38 Od $4.40