The following information pertains to J Company's outstanding stock for 2018:

Common stock, $1 par
Shares outstanding, 1/1/2018	10,000
2 for 1 stock split, 4/1/2018	10,000
Shares issued, 7/1/2018	5,000
Preferred stock, $100 par, 7% cumulative
Shares outstanding, 1/1/2018	4,000

What is the number of shares J should use to calculate 2018 basic earnings per share?

	a.	20,000.
	b.	22,500.
	c.	25,000 .
	d.	27,000.