16.11

Hi I need help with the assignment attached, thanks

Pharoah Corporation had 297,000 shares of common stock outstanding on January 1, 2017. On May 1, Pharoah issued 32,400 shares. (a) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued for cash. $ Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 32,400 shares were issued in a stock dividend. $ Weighted-average number of shares outstanding