ABC Company has the following changes in its ordinary shares during the year. Date Share Changes Shares Outstanding January 1 Beginning balance 200,000 March 1 Issued 40,000 shares for cash 40,000 240,000 June 1 48,000 additional shares (20% share dividend) 48,000 288,000 November 1 Issued 60,000 shares for cash 60,000 December 31 Ending balance 348,000 Required: Compute ABCs weighted-average number of shares outstanding