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Brief Exercise 16-11 Whispering Corporation had 312,000 shares of common stock outstanding on January 1, 2017. On May 1, Whispering issued 31,800 shares (a) Compute the weighted-average number of shares outstanding if the 31,800 shares were issued for cash Weighted-average number of shares outstandings (b) Compute the weighted-average number of shares outstanding if the 31,800 shares were issued in a stock dividend Weighted-average number of shares outstanding Click if you would like to Show Work for this question: Open Show Work