Next question Tim-Tom Honey Products began the current year with 14,000 common shares outstanding. The firm issued additional shares of 3,000 and 3,600 on February 1 and July 1, respectively. In addition, the firm purchased 540 shares of treasury stock on October 1. The firm's year end is December 31. In addition, Tim-Tom implemente a 3-for-1 stock split on April 1. Compute the weighted-average shares outstanding. (Enter a decrease in shares outstanding with a minus sign or parentheses.) Date Event Number of Shares Outstanding Weight by Number of Months Shares Are Outstanding 1/1 Balance 2/1 New Issue Subtotal before the stock split 4/1 3-1 Stock Split Subtotal after the stock split De 7/1 ha el New Issue 10/1 Treasury Stock Purchase 12/31 Balance spe war e Weighted-Average Shares Outstanding taxt pages Get more help- Clear all Check answer