PAWS Corporation has 300,000 shares of common stock outstanding. The only other securities outstanding are 10,000 shares of 9% cumulative preferred stock with detachable warrants (10 warrants per preferred share). Each warrant provides for the purchase of one share of common stock at $72. For the year, net income was $1.6 million. During the year, the average market price of common stock was $125. The price at December 31 was $120. What number of shares should be used to determine diluted earnings per share? Multiple Choice O o oo