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On January 1, 2020, Orange Corporation had 170,000 shares of its $3 par value common stock outstanding. On April 1st, Orange sold an additional 421,000

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On January 1, 2020, Orange Corporation had 170,000 shares of its $3 par value common stock outstanding. On April 1st, Orange sold an additional 421,000 shares on the open market at $20 per share. Orange issued a 40% stock dividend on June 1st. On August 1st, Orange purchased 207,000 shares of treasury stock. On December 1st, 150,000 shares were sold for $25 per share. What is the weighted average number of shares outstanding for 2020? $606,300 O 507,800 412,000 576.800

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