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Flounder Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation

Flounder Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation uses the calendar year as its fiscal year.

2023

2022

2021

Shares outstanding, Jan 1

315,000 252,000 206,000

Shares sold, Apr 1, 2021

46,000

25% stock dividend, Jul 1, 2022

63,000

2-for-1 stock split, Jul 1, 2023

315,000

Shares sold, Oct 1, 2023

106,000

Shares outstanding, Dec 31

736,000 315,000 252,000

Net Income

$761,540 670,950 601,250

(a)

Calculate the weighted average number of shares outstanding for each year.

2023

2022

2021

Weighted average number of shares outstanding

enter a number of shares enter a number of shares enter a number of shares

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