Exercise 16-16 On January 1, 2018, Sandhill Corp. had 463,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 Issued 118,000 shares Issued a 10% stock dividend Acquired 103,000 shares of treasury stock Issued a 3-for-1 stock split October 1 Reissued 63,000 shares of treasury stock Your answer is incorrect. Try again. Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding 426,657.5 LINK TO TEXT