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22. The following information is available for Barone Corporation: January 1, 2018 Shares outstanding 4,000,000 April 1, 2018 Shares issued 640,000 July 1, 2018

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22. The following information is available for Barone Corporation: January 1, 2018 Shares outstanding 4,000,000 April 1, 2018 Shares issued 640,000 July 1, 2018 Treasury shares purchased 240,000 October 1, 2018 Shares issued in a 100% stock dividend 4,400,000 Compute the weighted average shares outstanding. (4 points)

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