Greenwell Coffee Company began operations on the first day of the year. On that day they issued 10,000 shares. On March 1 they issued 18,000 shares and on July 1, another 30,000 shares. On December 1, Greenwell repurchased 6,000 shares of outstanding shares. Compute the weighted -average shares of stock for the first year of operation. (Round your final answer to the nearest whole number.)

A.

39,500

B.

40,000

C.

52,000

D.

40,500