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Leshner Corporation began business on January 1, 2014. Due to difficulties in beginning operations, the company issued 50 shares of common stock (par $10) on

Leshner Corporation began business on January 1, 2014. Due to difficulties in beginning operations, the company issued 50 shares of common stock (par $10) on January 1, 2014, to the organizers. Twenty additional shares were also sold on that date. The following also occurred during the year 2014:

February 1

2-for-1 stock split

April 1

10 percent stock dividend

August 1

5-for-1 stock split

December 1

1-for-2 reverse stock split

The weighted average number of shares outstanding for 2014 was

1)

77 shares.

2)

175 shares.

3)

350 shares.

4)

385 shares.

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