Paltel Group has the following earnings and securities: Net income for 2020 $1,200,000 Weighted average common shares outstanding during 2020 400,000 1.8% cumulative, convertible preferred stock, par value $100; 200,000 shares authorized, 50,000 shares issued and outstanding. Each share of preferred stock is convertible into 5 shares of common stock. Preferred dividends were not declared in 2018. 2. Series (A) 12% five-year convertible bonds were issued on January 1, 2019 with a face value of $500,000 @ 104 %. The bonds are issued to yield 10%, interest is paid annually. Each bond is convertible into 25 shares of common stock. 3. Series (B) 10% five-year convertible bonds were issued on September 1, 2020 with a face value of $200,000 @ 100%, interest is paid annually. Each bond is convertible into 30 shares of common stock. 4. Options were granted on July 1, 2020 issuable, exercise price $22. 5000 shares 5. Warrants were granted on November 1, 2020-18,000 shares issuable, exercise price $18. The average market price of Paltel's common stock during 2020 was $30 per share. All options and warrants were still outstanding at the end of 2020 and no bonds or preferred stocks were converted during 2020. The tax rate is 40%. Notes: Round amounts to two decimal places only. What is the incremental denominator for Warrants? Select one: O a. 2,400 incremental shares O b. 7.200 incremental shares O c. 3,600 incremental shares Od. 1,200 incremental shares