On January 1, 2025, Sheridan Corporation granted 4,500 options to executives. Each option entitles the holder to purchase one share of 5 heridan's $5 par value common stock at $50 per share at ary time during the next 5 years. The market price of the stockis $71 per chare on the date of grant. The fair value of the options at the grant date is $148,000. The period of benefit is 2 years. Prepare Sheridan's journal entries for January 1, 2025, and December 31, 2025 and 2026. (List all debit entries before credit entries. Credit account titles are automatically kdented when amount is entered. Do not indent manuallys. If no entry is required, select "No Entry" for the dccount titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) On January 1,2026, Cullumber Corp, had 502,000 shares of commen stock outstanding. During 2026, it had the folfowing tramactions that affected the common stock account. (a) Determine the weighted-average number of shares cutstandint as of December 31,2026. The weighted-average number of shares outstanding