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On January 1, 2018, Waterway Industries had 394000 shares of its $2 par value common stock outstanding. On March 1, Waterway sold an additional 759000
On January 1, 2018, Waterway Industries had 394000 shares of its $2 par value common stock outstanding. On March 1, Waterway sold an additional 759000 shares on the open market at $20 per share. Waterway issued a 20% stock dividend on May 1. On August 1, Waterway purchased 415000 shares and immediately retired the stock. On November 1, 610000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2018? (Rounded to the nearest dollar.)
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