At the beginning of 2014, Hardin Company had 240,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:

March1 Issued 43,000 shares of stock at $25 per share.

June1 Issued a 20% stock dividend.

July1 Issued 9,000 shares of stock at $30 per share.

Aug.31Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share.

Oct.31Reacquired 82,000 shares as treasury stock at a cost of $33 per share.

Nov.30Reissued 41,000 treasury shares at a price of $36 per share.

Required:

1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number.

shares

2. Determine the number of common shares outstanding at December 31, 2014.

shares