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1.The following information pertains to Demich Company's outstanding stock for 2020: Common Stock, $1 Par Shares Outstanding , 1/1/201910,000 2 for 1 stock split, 4/1/201910,000

1.The following information pertains to Demich Company's outstanding stock for 2020:

Common Stock, $1 Par

Shares Outstanding , 1/1/201910,000

2 for 1 stock split, 4/1/201910,000

Shares Issued, 7/1/20195,000

Preferred Stock, $100 par, 7% cumulative

Shares outstanding, 1/1/20194,000

What is the number of shares Demich should use to calculate 2020 basic earnings per share?

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