On January 1, 2020, Gridley Corporation had 187,500 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 375,000 shares on the open market at $20 per share. Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 210,000 shares and immediately retired the stock. On November 1, 300,000 shares were sold for $25 per share. What is the total weighted-average number of shares outstanding for 2020? (5 points)

Dates	Shares	Fraction of Year	Restatement	Weighted Shares