Weighted Average Shares

At the beginning of 2019, Hardin Company had 370,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock:

March	1	Issued 44,000 shares of stock at $20 per share.
June	1	Issued a 15% stock dividend.
July	1	Issued 12,000 shares of stock at $25 per share.
Aug.	31	Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share.
Oct.	31	Reacquired 82,000 shares as treasury stock at a cost of $28 per share.
Nov.	30	Reissued 57,000 treasury shares at a price of $31 per share.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

DATA
Number of common stock shares at the beginning of 2019					370,000
Par value of common stock outstanding					$10
	March 1	Number of shares issued			44,000
		Issue price of a share			$20
	June 1	Stock dividend issued			15%
	July 1	Number of shares issued			12,000
		Issue price of a share			$25
	Aug. 31	Par value of a share after a	2	-for-1 stock split	$5
	Oct. 31	Number of shares reacquired as treasury stock			82,000
		Cost of a share reacquired			$28
	Nov. 30	Number of treasury shares reissued			57,000
		Price of a treasury share reissued			$31

Required:

1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to the nearest whole number. fill in the blank 2 shares 2. Determine the number of common shares outstanding at December 31, 2019. fill in the blank 3 shares