Pubco is a public company that uses a calendar year and has a complex capital structure.

The average market price of Pubco's common stock for the first quarter was $$25,$ the shares outstanding at the beginning of

the period equaled $300,000,$ and $12,000$ shares were issued on March $1.$

At the beginning of the quarter, Pubco had outstanding $$2$ million of $5\%$ convertible bonds, with each $$1,000$ bond convertible

into $10$ shares of common stock. No bonds were converted.

At the beginning of the quarter, Pubco also had outstanding $120,000$ shares of preferred stock paying a quarterly dividend of

$$\mathrm{.}10$ per share and convertible to common stock on a one$-$to$-$one basis. Holders of $60,000$ shares of preferred stock exercised

their conversion privilege on February $1.$

The weighted$-$average number of shares outstanding used to calculate Pubco's basic earnings per share $($BEPS$)$ amounts for

the first quarter is