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PROBLEM #2- 10 POINTS On January 1, 2020, Wilmer Corp. had 300,000 shares of common stock outstanding. During 2020, it had the following transactions: 2/1/20

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PROBLEM #2- 10 POINTS On January 1, 2020, Wilmer Corp. had 300,000 shares of common stock outstanding. During 2020, it had the following transactions: 2/1/20 Issued 150,000 shares of common stock for cash. 4/1/20 Issued a 5% stock dividend on the common stock. 5/1/20 Purchased 20,000 shares of the common stock as treasury stock. 7/1/20 Issued a 2:1 split on the common stock. 10/1/20 Reissued 10,000 shares of the treasury stock for cash. REQUIRED: Calculate the number of weighted average common shares outstanding for Wilmer to use in the 2020 earnings per share calculations

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