Part Two:

Riverbank Corporation had 200,000 ordinary shares outstanding on January 1, 2020. On May 1, 2020, Riverbank issued an additional 50,000 shares. On June 1, 2020 Riverbank declared a 10% stock dividend. On July 1, 2020, Riverbank repurchased 10,000 ordinary shares and cancelled them. On October 1, 2020, Riverbank issued an additional 100,000 ordinary shares.

Required:

Calculate the weighted average number of ordinary shares outstanding in 2020.