Warrants exercisable at $20 each to obtain 30,000 shares of common stock were outstanding during a period when the average market price of the common stock was $50. Application of the treasury stock method for the assumed exercise of these warrants in computing diluted earnings per share will increase the weighted average number of outstanding shares by Select one: O a. 30,000 b. 18,000 O c. 12,000 O d. 6,000 O e o Jostens Co. had 200,000 shares of common stock 20,000 shares of convertible preferred stock, and $1,000,000 of 10% bonds outstanding during 2024. The preferred stock is convertible into 20,000 shares of common stock. During 2024, Jostens paid dividends of $1.20 per share on its common stock and $4.00 per share on its preferred stock Each $1,000 bond is convertible into 45 shares of common stock. The net income for the year ended December 31, 2024 was $800,000. Assume the income tax rate was 30%, Diluted earings per share for 2024 (rounded to the nearest penny are: Select one: a. $3.60 b. $3.35 O c. $2.94 d. $3.28 e. $3.22