On January 1, 2021, Albacore Company had 290,000 shares of its common stock issued and outstanding. Albacore issued a 8% stock dividend on July 1, 2021. On October 1, 2021, Albacore retired 8,000 of its common shares. When calculating basic earnings per share for 2021, what is the appropriate number of shares for Albacore to use in the denominator of the EPS fraction? 298,640 . 313,200. 315,200 . 311,200