On January 1, 2018, Gridley Corporation had 375.000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 750.000 shares on the open market at $20 per share. Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 420.000 shares and immediately retired the stock. On November 1, 600.000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2018? 1, 530,000 1, 125,000 7, 16, 665 516, 666