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1. Weighted-Average Shares Outstanding On January 1, 2020, Carter Company had 600,000 shares of $10 par common stock outstanding. During 2020, Carter had the following

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1. Weighted-Average Shares Outstanding On January 1, 2020, Carter Company had 600,000 shares of $10 par common stock outstanding. During 2020, Carter had the following transactions that affected the common stock account. March 1 Issued 100,000 shares May 1 Issued a 15% stock dividend July 1 Acquired 50,000 shares of treasury stock September 1 Reissued 10,000 shares of treasury stock November 1 Issued a 2-forl stock split Instructions: Compute the weighted-average number of common stock shares outstanding as of December 31, 2020

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