In addition, Turner Company had the following transactions during the year: May 1 Issued 27,600 shares of common stock. June 1 Issued 7,200 shares of common stock. October 1 Purchased 4,320 shares of treasury stock. Required: 1. Compute the number of common shares outstanding. October 1 Purchased 4,320 shares of treasury stock. Required: 1. Compute the number of common shares outstanding. 2. Compute the weighted average number of comnnon shares outstanding