QUESTION 2

At January 1, 2021, Mia Corporation had 200,000 common shares outstanding (no preferred issued). On March 1, the corporation issued 65,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 1 for 2 stock split. On October 1, the corporation purchased on the open market 10,000 of its own shares at $35 each and retired them.

Instructions

Calculate the weighted average number of common shares for 2021.