Question 1 3 pts Detmer Inc. issued 600,000 shares of common stock when it began operations in Year 1. In Year 2, Detmer issued an additional 200,000 shares of common stock and 100,000 shares of preferred stock (each preferred share is convertible into one share of common stock). In Year 3,25,000 of the preferred shares were converted. At the end of Year 3, the firm had a 2 for 1 stock split. How many shares of common stock were outstanding at the end of Year 3? 1,387,500 None of the other answers 900,000 1,650,000 925,000