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On January 1, 2021, Novak Corp. had 2,721,000 shares of common stock issued and outstanding. During 2021, it had the following transactions that related to

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On January 1, 2021, Novak Corp. had 2,721,000 shares of common stock issued and outstanding. During 2021, it had the following transactions that related to common stock. Mar. 1 Issued 246,000 shares in exchange for land Apr. 1 Acquired 204,000 shares of treasury stock July 1 Issued a 20\% stock dividend Sept. 1 Reissued 244,800 shares of treasury stock (adjusted for 20% stock dividend) Oct. 1 Issued a 2-for-1 stock split (a) Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding

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