Question 3 Oriole Corporation had 288,000 shares of common stock outstanding on January 1, 2017. On May 1, Oriole issued 27,000 shares. (a) Compute the weighted average number of shares outstanding if the 27,000 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 27,000 shares were issued in a stock dividend. Weighted average number of shares outstanding