Question 5 of 8 071 iii Sandhill Corporation had 468,000 common shares outstanding on January 1, 2020. On May 1, Sandhill issued 46,800 shares. * Your answer is incorrect. Calculate the weighted average number of shares outstanding for the year ended December 31, 2020, if the 46,800 shares were issued for cash. (Round answer to 0 decimal places, e.g. 5,275.) 48000 shares Weighted average number of shares outstanding e Textbook and Media X Your answer is incorrect. Calculate the weighted average number of shares outstanding for the year ended December 31, 2020, if the 46,800 shares were issued in a stock dividend