Oharlotte Engineering experienced net income of

$ 575 comma 000$575,000

for the year. It declared

$ 30 comma 000$30,000

in preferred dividends on December 23. It began the year with

400 comma 000400,000

common shares outstanding. On July 1, Charlotte declared a

55%

common stock dividend. Compute the

weightedminusaverage

common shares outstanding for the year.harlotte Engineering experienced net income of

$ 575 comma 000$575,000

for the year. It declared

$ 30 comma 000$30,000

in preferred dividends on December 23. It began the year with

400 comma 000400,000

common shares outstanding. On July 1, Charlotte declared a

55%

common stock dividend. Compute the

weightedminusaverage

common shares outstanding for the year.