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Question 2 (7 points) On January 1, 2017, Hades Corporation had 800,000 shares of common stock outstanding. On March 1, the corporation issued 300,000 new

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Question 2 (7 points) On January 1, 2017, Hades Corporation had 800,000 shares of common stock outstanding. On March 1, the corporation issued 300,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, Hades purchased on the market 400,000 of its own shares and retired them. Compute the weighted average number of shares for the year 2017. [7 points)

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