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Pharoah Corporation had 109,200 shares of stock outstanding on January 1, 2020. On May 1, 2020, Pharoah issued 62,400 shares. On July 1, Pharoah purchased

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Pharoah Corporation had 109,200 shares of stock outstanding on January 1, 2020. On May 1, 2020, Pharoah issued 62,400 shares. On July 1, Pharoah purchased 9,720 treasury shares, which were reissued on October 1. Compute Pharoah's weighted-average number of shares outstanding for 2020. Weighted-average number of shares outstanding Attempts: 0 of 1 used

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