Question Help Charlotte Engineering had net income of $400,000 for the year. It declared $35,000 in preferred dividends on December 23. It began the year with 400,000 common shares outstanding. On July 1, Charlotte declared a 5% common stock dividend. Compute the weighted-average common shares outstanding for the year OA. 400,000 O B. 440,000 . 380,000 O D. 420,000