Mawn Company began the year with 190,000 common shares outstanding. The firm issued an additional 81,000 shares on March 1 and 14,700 shares on October 1. In addition,

Mawn implemented a 2-for-1 stock split on June 1. The firm's year-end is December 31.

Determine the weighted-average number of common shares outstanding for the year.

Number of Shares Outstanding Weight by Number of Months Shares Are Outstanding Weighted Average Shares Outstanding Date Event 1/1 Balance 3/1 New Issue Subtotal before the stock split 6/1 2-1 Stock Split Subtotal after the stock split 10/1 New Issue 12/31 Balance