Rayleigh Corporation follows IFRS and started Year 2 with 1,200,000 common shares outstanding. During Year 2, Rayleigh completed the following share transactions:

June 1: Issued 300,000 shares

July 31: Repurchased 200,000 shares

August 31: Issued 200,000 shares

September 30: 2 for 1 stock split

October 31: Issued 200,000 shares

Instructions

Calculate the weighted average number of shares outstanding for Year 2. Use a table to show your calculations. Clearly indicate your final answer.