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?