On January 1, 2021, Sheffield Corp. had 474,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.

February 1Issued 126,000 sharesMarch 1Issued a 10% stock dividendMay 1Acquired 100,000 shares of treasury stockJune 1Issued a 3-for-1 stock splitOctober 1Reissued 62,000 shares of treasury stock

(a)

Determine the weighted-average number of shares outstanding as of December 31, 2021.

The weighted-average number of shares outstanding