A. At the beginning of the 2016 financial year, Spartans Corporation had 450 000 shares of no-par common stock issued and outstanding. On 2016 September 30, the firm issued an additional 160 000 shares at $15 per share. Income for 2016 was $750 800. On 2017 April 1, a 20% stock dividend was issued to all common shareholders. On 2017 July 31, 90 000 shares were reacquired as treasury shares. Net income in 2017 was $902 500. i. Compute the weighted average number of common shares outstanding for 2016 and 2017 that should be shown on comparative statements at the end of 2017. (10 marks)