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37. Baldwin Company had 40,000 shares of common stock outstanding on January 1,2021 . On April 1 , 2021 , the company issued 20,000 shares of common stock. The company had outstanding fully vested incentive stock options for 10,000 shares exercisable at $10 that had not been exercised by its executives. The average market price of common stock for the year was $12. What number of shares of stock (rounded) should be used in computing diluted earnings per share? A. 65,000 . B. 56,667 C. 55,000 . D. 46,667