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The following information pertains to Tidwell Corp.s outstanding stock for the year just ended: Common stock, $5 par value: Shares outstanding on January 1 20,000

The following information pertains to Tidwell Corp.s outstanding stock for the year just ended: Common stock, $5 par value: Shares outstanding on January 1 20,000 Shares issued on April 1 in a 2 for 1 stock split 20,000 New shares issued on July 1 for cash 10,000 How many shares should Tidwell use to calculate basic earnings per share?

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