For the year ended December 31,2023, Fancy Corporation reported net income of $8 , 500 , 000 . At January 1, 2023, the company had 4 , 100 , 000 common shares outstanding. On May 31 , the company sold 820,000 shares in a public offering. On June 14 the company declared and distributed a 12% stock dividend. On October 1 , the company issued 328,000 shares as part of the consideration for the purchase of assets from a subsidiary. 2. What is the denominator in the EPS calculation? .