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The following information pertains to Montana Corporation's outstanding stock for 2024: Common stock, $1 par value Shares outstanding, 1/1/2024 70,000 2 -for-1 stock split, 4/1/2024

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The following information pertains to Montana Corporation's outstanding stock for 2024: Common stock, \$1 par value Shares outstanding, 1/1/2024 70,000 2 -for-1 stock split, 4/1/2024 Shares issued, 7/1/2024 40,000 Preferred stock, $10 par value, 4% cumulative Shares outstanding, 1/1/2024 14,000 How many shares should Montana use to calculate 2024 basic earnings per share? 140,000 160,000 180,000 194,000

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