a Mustang Company had 120,000 shares of stock outstanding on January 1. On May 1, Mustang issued 60,000 shares. On July 1, the company purchased 10,000 shares for the treasury. On August 1, it distributed a 2-for-1 stock dividend. Finally, Mustang issued 10,000 new shares on October 1. Compute the weighted average number of shares outstanding O 320,000 332,500 315.000 312,500