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At the beginning of Year 1 the company had 10,000,000 shares authorized and 250,000 issued and outstanding. The following transactions happened in Year 1 :

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At the beginning of Year 1 the company had 10,000,000 shares authorized and 250,000 issued and outstanding. The following transactions happened in Year 1 : 1. March: The company declared a 8:2 stock split 2. May: The company repurchased 40,000 shares of stock 3. November: The company resold 5,000 shares of the stock repurchased in May How many shares are issued th the end of Year 1

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