Tomba Corporation had 557,400 shares of common stock outstanding on January 1, 2014. On May 1, Tomba issued 34,200 shares.

(a) Compute the weighted-average number of shares outstanding if the 34,200 shares were issued for cash.

Weighted-average number of shares outstanding $

(b) Compute the weighted-average number of shares outstanding if the 34,200 shares were issued in a stock dividend.

Weighted-average number of shares outstanding $