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On January 1, 2018, Sheridan Company had 387000 shares of its $2 par value common stock outstanding. On March 1, Sheridan sold an additional 758000
On January 1, 2018, Sheridan Company had 387000 shares of its $2 par value common stock outstanding. On March 1, Sheridan sold an additional 758000 shares on the open market at $20 per share. Sheridan issued a 20% stock dividend on May 1. On August 1, Sheridan purchased 426000 shares and immediately retired the stock. On November 1, 606000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2018? (Rounded to the nearest dollar.)
529979
1145900
1554000
729979
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