The following information pertains to Torque Corp.s outstanding stock for 2021:

Common stock, $1 par value
Shares outstanding, 1/1/2021	61,500
2-for-1 stock split, 4/1/2021
Shares issued, 7/1/2021	31,500
Preferred stock, $10 par value, 6% cumulative
Shares outstanding, 1/1/2021	12,300

How many shares should Torque use to calculate 2021 basic earnings per share?

Multiple Choice

• 154,500

• 138,750

• 123,000

• 166,800