Nikola Motors had 900,000 common shares and 10,000 preferred shares outstanding at the beginning of 2020. On April 30, 2020, it sold 60,000 shares in a public offering. On May 30, 2020, it declared and distributed a 10% stock dividend. On October 1, 2020, it reacquired 80,000 shares as treasury stock. What is the firms weighted-average number of common shares outstanding for the year?

a.

880,000

b.

1,014,000

c.

1,900,000

d.

1,860,000

e.

1,800,000