Monty Corporation had 273,000 shares of common stock outstanding on January 1, 2017. On May 1, Monty issued 33,000 shares. (a) Compute the weighted-average number of shares outstanding if the 33,000 shares were issued for cash.

Weighted-average number of shares outstanding is ________________________

(b) Compute the weighted-average number of shares outstanding if the 33,000 shares were issued in a stock dividend.

Weighted-average number of shares outstanding is ________________________