Question 1 (3 points) Mustang Company had 120,000 shares of stock putstanding on January 1. On May 1, Mustang issued 60.000 shares. On July 1, the company purchased 10,000 shares for the treasury. On August 1, it distributed a 2-for-1 stock dividend Finally, Mustang issued 10,000 new shares on October 1. Compute the weighted -average number of shares outstanding 332,500 312 500 320,000 315.000 Submit Quiz O of 1 questions saved 73F hp 6 8